USD is showing signs of weakness and AUD has been rallying off of a big down move for the last couple of days. In it’s basket, AUD was up against some resistance, but seemed to be rising due to a risk-on sentiment (equities were up).
The risk-on sentiment also said to me that USD should continue to drop. When I looked at this chart, it looked like AUD’s basket, and was up against some resistance on the daily chart. I found a nice pullback on the hourly chart, and set entry orders based on the breakout
Entry – 0.6633
Near the end of the day, when I checked on my order for the last time before going to bed, it still hadn’t triggered. I liked how both USD and AUDs baskets looked, though, and thought that if it were to trigger, it would move in my intended direction. When I woke up the next morning, I saw that it had triggered overnight
| Entry Order Level |
|---|
| 0.6633 |
| Stop Loss Level |
| 0.6602 |
| Target Level |
| 0.6676 |
Exit – 0.66012
Unfortunately, at the same time I saw that my entry order had triggered, I saw that my exit order had triggered as well. Price moved up enough to enter me into the trade, then almost immediately reversed and stopped me out
