I spotted a drop base drop supply zone on the 15 to 5-minute charts and thought it was a good opportunity for a trade on the 5 min. after seeing that there were more sellers than buyers on the lower time frame. Now, I don't normally go for zones in the middle of a trend. I prefer swing zones. But it looks like a textbook zone that should be considered. So, a cushiony stop loss at a considerable distance can be placed in case the zone doesn't hold up. Also, there are two target opportunities in case the supply zone is strong. If price break below the first take profit (T1.) then stick around for the second. Also, it is still in a downtrend, an added confluence.
Trade stängt manuellt