Also keep in mind that a resistance whether moving or a pivot will effect price until price CLEARS that resisatance free and clear (moves away from it). If it looks like the trend might be changing, the spread +- 3 pips will keep you out of trouble in this situation. But if the candles ride the blue line for more than 3 or so - move away.
Dislikedsorry USD/CHF. Set the order thinking that the trend could be changing. Looks like it was a false signal judging by the current candle. The formula for entry certainly keeps you away from the signals that dont work out.
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