Is the following analysis correct:
Candle (1) was the initial "setup" candle;
however after candle (2) closed above the 15EMA line, it becomes the new setup candle.
Waiting to see what transpires with Candle(3) ; moving the original sell stop order to 10 pips below candle 2. Is that correct?
thanks.
Candle (1) was the initial "setup" candle;
however after candle (2) closed above the 15EMA line, it becomes the new setup candle.
Waiting to see what transpires with Candle(3) ; moving the original sell stop order to 10 pips below candle 2. Is that correct?
thanks.
Attached Image