DislikedPA just proved my point. But guess what, she still gave us the 20...... go figure. Food for thought for some I hope.Ignored
She just gave us another 20, you can see how chunking the price makes it a bit easier to see and find your entries. We just passed the 50 of that last retrace of the bounce, so the next 20 is in the making. As this is not a bounce but a accumulation of the retrace of the earlier bounce, the further 20 pip move up is likely, not something to enter on if you missed the earlier entry, but a good place to move your stops to or use to scale out partially. (bear in mind that this would be a counter and not a trend trade, on a trend trade this would be a good entry, on a counter, if you miss the first 20 stand aside when there is no momentum bar or other confirmation, as is the case here.)
We are getting to the tail end of NY so am going to call it a night here shortly.