I see this trade in Amateurs eyes for very risky short position. If you would like to get in, it's not smart because on the other side, we have buyers who are waiting for small sellers.
At this moment every amateur looks at M15 and think; ''Oh,this is range and we broke through. Now I can get into and earn some money''. It can go to 1:1 (sl/profit) from entry where we broke through range, but it's very risky, so I rather wait sellers to come into higher timeframe zone (we are already in this zone)
If sellers break though buyers strong zone, next buyers push will be even harder.
Prepare yourself!
Enjoy reading my analysis and see you next time
Martin
At this moment every amateur looks at M15 and think; ''Oh,this is range and we broke through. Now I can get into and earn some money''. It can go to 1:1 (sl/profit) from entry where we broke through range, but it's very risky, so I rather wait sellers to come into higher timeframe zone (we are already in this zone)
If sellers break though buyers strong zone, next buyers push will be even harder.
Prepare yourself!
Enjoy reading my analysis and see you next time
Martin