We now switch to the 15 minute chart for our entry. So on the 15 minute chart, the price action will rise to breakout at point B and will form a higher high (Point C).
Then it will retrace to make a high lower and retest the support (At point B Breakout) point D. Then enter upon the breakout of point C placing our stop at point D.
Remember your stop should only lose you 1-2% of your account. risk management is key to not losing your account.
Happy Trading - The Trading Box