Is this a valid entry, X-Man?
The 800 is above, but it can't be seen in this image. I do not care about the TDI for this entry. The green EMA is the 50, and it is not above the 200. So, I think it is not valid, because for a buy, we should have the price bouncing from the 10 which is below (checked), the 50 under the 10 (checked), the 200 under the 50 (not checked), and the 800 under the 200 (not checked). Am I correct or wrong? I ask because I saw some traders taking these kind of trades, although the EMAs are not good.
I must mention that the last candle you see in the image is the live candle, so the entry was on the close of the doji. Also, the SL you see on the chart is from another strategy, in case someone wants to tell me it is not a good SL placement.
The 800 is above, but it can't be seen in this image. I do not care about the TDI for this entry. The green EMA is the 50, and it is not above the 200. So, I think it is not valid, because for a buy, we should have the price bouncing from the 10 which is below (checked), the 50 under the 10 (checked), the 200 under the 50 (not checked), and the 800 under the 200 (not checked). Am I correct or wrong? I ask because I saw some traders taking these kind of trades, although the EMAs are not good.
I must mention that the last candle you see in the image is the live candle, so the entry was on the close of the doji. Also, the SL you see on the chart is from another strategy, in case someone wants to tell me it is not a good SL placement.