As per original 315 strategy, we were short till 30th Nov for NIFTY. On 30th Nov, it looked like the candle would touch 15 EMA and we would be adding one more lot to our short position.
But today, 3 EMA crossed over 15 EMA and we should long! Although, the candle did not touch 15 EMA on 30th Nov, 1 st Dec. Had it touched 15 EMA, we cloud have added more lots to short position and today the short positions should have exited.
My question is how to identify trend reversal when candle moves towards 15 EMA ? As mentioned in above example, if candle moves back from 15 EMA in our favor(short), we are in profit. But if the cross over happens, we have to immediately exit and go long.