Here on the 4h chart of EUR/USD we have nice setup.
We have to be cognizant of the Greece situation, however it shouldn't effect our trading plan.
Due to expected a sell limit order will be set closer to the D leg completion.
We must see a completion at D leg ( 1.123 ) before any short entry is triggered.
- SL must go above X
- Target 1 at
- Target 2 at
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For me personally it all depends on how aggressive the price enters your price reversal zone.
If for example the market its creeping up and its also making bearish divergence on the RSI, then i am looking then for more confluence as to why i should short it.
If however the price has a huge bullish candle in your potential price reversal zone then i would hold off and await for more solid conformation.
I hope this helps a little.