On that candle im pointing to, if im not entirely wrong is a 1 oclock trade, we're above 35/50, ma pointing at 1 oclock and a retrace to our 5ema.
But what im wondering about is the fact that when i was looking at the start of the candle, price and ma was still pretty close and consolidating. But then as the candle progressed and went higher things started to look like a 1oclock trade and seeing as the ma are lagging the 5ma also touched our candle.
My question is really if we can then enter on that very candle or if we have to wait for the next one to touch our ma or retrace at least halfway back on the previous day?
And if yes does that also mean that it would be okey for us to enter on that candle if we just logged on and saw it as it is on the picture, taking it as a 1oclock?