QuileHills
Short

AUDUSD Potential Earlier Reversal

FX:AUDUSD   Australian Dollar/U.S. Dollar
306 4 9
I've put in a Sell Stop position as shown to catch AUDUSD             on a break down through it's trend support. If it heads back upward toward teh highlighted area, I'll reexamine for a higher entry price on a short.
Your trade never triggered in this setup. Is there any specific way you set your Pending orders. I mean is there any rule you follow
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QuileHills forexmech
I just put them at a level which I feel is safely past the support or resistance I'm looking for a breakout of. I don't have any precise mathematical formula for it or anything, just based on intuition developed through experience.
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Looks like no early downward break. I'm going to continue to watch for a higher short entry price. I'll post a related idea if the opportunity presents itself.
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i like it, ty
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