FX_IDC:AUDCAD AUSTRALIAN DOLLAR / CANADIAN DOLLAR
Betting on the trendline's bounce. Will move stop loss one step below for every reward/risk point gained.
I don't wait for a trigger in this particular trade. I normally use the hourly timeframe to pinpoint the entry, but here I want to short as close as possible to the declining trendline. Stop loss can be set using the ATR indicator: http://www.tradinggraphs.com/2015/02/02/atr-stop-loss-in-forex/