Nice way to end the week with this simple trade idea executed on the 15min TF. A breakout of the box, suppot of the dynamic trendline as well as a retracement as a entry.
The following trade was taken earlier this morning for a sell position on the 15mim TF.
I trapped price in a mini area of consolidation (highlighted box) & anticipated for a break and close of the candle outside of the box. I also drew a mini trend line to see if it breaks the structure, which it did! This also allows for a tighter stop loss with a higher R:R
Another buy for SPX targeting new levels of high also managing R:R. If you're interested in how managed to find this trade & execute it then message me !
A trade which I had taken earlier with the confirmations of zones combined with the supertrend!
DISCLAIMER: I AM NOT A FINANCIAL ADVISOR. ALL PUBLISHING ARE JUST MY PERSONAL IDEAS AND PERSPECTIVES OF THE MARKET.
