I've been noticing on a lot of support and resistance, once price touches twice it goes the other way a lot. I'm testing this theory through my demo account. In order to make it a 5 pip stop loss, and a 12 pip gain, I'm hoping price keeps fluctuating to where it hits my sell limit, then goes the way I expect it to. Now if it will go up to my sell limit, I don't know. Not sure if have enough confirmation to know that. But let's see.
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* It hit sell limit, so there's that : )
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hmm.. I wonder if my analysis was right? if I set a bigger stop loss I actually would've hit my take profit