Will this be a successful trade?

[astro]

ok, the pullback has just reached the bottom of the asian range and we didn't get a long entry signal.
It demonstrates how important it is to wait for a pullback and not jump the breakout (although you could have banked some nice pips, depending on how you manage your trade).

Let's wait and see if price breaks to the down side, pulls back and gives a SHORT entry signal.

[astro]

Nope, the price does not behave like I expected it to, so I won't take a trade on the loonie today.
Cable was very profitable today, however!

[fxtrader777]

LOL lost 30 pips

[astro]

777,
Be careful with the loonie, it is very unpredictable.

This morning we have the same setup as yesterday.
Let's see if it develops like I want it to...

[astro]

here's the chart

[astro]

ok, price broke out and pulled back.
Entry above high of the break out bar (1.1075)...
Let's see if the trade is triggered

[astro]

Price failed to hit my entry point (1.1075).
Cancelled the order.