Would only long if buy stops are triggered

As we can see on lower time time, we are slowly grinding to the downside by creating bunch of lower lows and lower highs. Their is no point of trying to catch the low's as we don't know when its gonna stop. Rather my strategy here would be to identify broken support on smaller time frame and put a 5 pip + buy stop should it decide to reverse. Well, this has the risk of taken out by a spike or fake candle but probability should be on my side