Ideally the buy would not have been filled.  It was placed just above a Fibonacci level and was stopped out. The sell stop worked out.

 

 

A buy limit order can be used to attempt to get a “with trend” entry.

Of course, with a buy limit order a fill is not guaranteed.

In this case, the order did get filled but the take profit was missed by about 3 pips

 

 

I’ve had my share of “almost filled” take profits.  Slight modifications can be helpful, as you notice how a particular pair reacts to trendlines, for example.

 

 

 

 

 

Ended up moving lower by at least 30 pips, probably due to the poor data for AUD. It’s good to try to see the big picture, though many technical traders wouldn’t be concerned with fundamentals, and may have traded the break of one of the next 3 candles (see prior post). Everyone develops their own style.

If one chose to go long, if the price in fact started moving higher, where would your stop loss be?