DislikedI'm completely with you on that. Now, it's about the entry. Under usual circumstances, I'd go long now at 5553.5, but the bastards can easily wipe me out. Where should I put my stop? 2510ish? A move towards 2482 is not out of the norm either. If they move now, I'm left out... at 2482 I'll reconsider.Ignored
Well you could micromanage in H4 stop hoping for a decent breakout before Friday close (if it doesn't break no way you can manage the risk over the weekend at these levels).
Technically speaking 1.243x is protected. However this is monthly (and weekly to lesser extend) move in play so even a breach to 1.222x wont invalidate the move as long as 1.236x hold the quarterly roll and even then we can have a consolidation range on the next couple of monthly bars around these levels so ...
That's the thing if you want to "outguess" the monthly retrace with weekly charts and with the Greek news that is the only valid option right now to the top side.
Moreover, failure to crack 1.256x this weekly roll also invalidate (standby) that move up and open the break down to 1.223x.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now