Dislikedthis is the EU M15 chart that i just took.
Candle1 pierced and closed below EMA
Candle 2 high just touched EMA, the gap is not 5 pips. so this is not entry candle
Candle 3 high is less than 5 pips from EMA. so this is entru candle.
now the SL is high of Candle 2 or Candle 3 ?
what is the need for 5 pips gap ? is there any reason ? we could have got better entry at Candle 2.Ignored
Think like an investor, Act as a speculator. Ferid H.