DislikedI am attaching the chart of nzdusd, yesterday was the 3rd short candle in the uptrend, should we place the trade on half of the close to low or at the top of the previous candle or would be wait a bit because the current candle is a bit away from the 20ema?Ignored
So a safe option would be to place BUY order at high of the latest completed candle.
Agressive would be to enter now or place order at 1/2 way between close and high of last candle like in the rules.
Even safer would be to place order above the high of candle, say 20 pips or 1/4 of candle height again.
What you want to do is get a quick measure of risk as you spotted with the distance from 20EMA and look at entries based on that risk - normal, safe, aggressive or even safer or even not at all.
Winners add to winning trades!