DislikedI am waiting to add few long positions, that's why I read your posting carefully.
If 247.50 area has been retraced, what entry price is better?Ignored
It is still a couple hours from the Asian Open, so nothing much is happening other then the air conditioning being cranked on high here.
There are really no entry levels in this range the way I see it. But the entry you would take depends on your strategy you trade.
If I were a scalper on the 15 min chart, I would be loving this past few days of consolidation, but I trade a 4 hour strategy, and my short entries on that setup are showing weakness now, which is good for the Longs in play.
I would watch a break below the low at 257.50 for one, then you could pick up some Longs there if we move down any lower than that level.
Or, do what I am doing right now, kick back and let my waiting orders trigger on the move down, I will add Longs on a move and 4hr candle close above the 248.92.
