The possible Head and Shoulders pattern on EUR/USD that I was watching on Thursday ended up forming the right shoulder and completing the pattern, breaking out to the downside as expected.  This is great news, right??  Yes and no.

Unfortunately, as the pair broke through support, price moved so quickly that my sell order was hit, but was cancelled due to bounds violation.  Oanda would not accept my order because by the time they could fill my order, the market was below the price I was trying to enter at.

This is my one beef with Oanda (and I've heard others voice this complaint on message boards) - if you set bounds on an order and price moves through your order past the bounds before you get your fill, they cancel your order.  I would prefer that they leave the order in place in case price moves back to within the bounds on the order.  This would have resulted in my getting a fill on Friday on the next 5 minute bar following the bar that initially penetrated my price level and caused my order to be cancelled, and I'd now be sitting on a risk-free trade.

That's the bad news.  The good news is that my analysis was correct.  I've just got to forget this one and move on.  I think, though, that I'll widen my bounds on my future orders, because this is not the first time that this has bitten me.  I'd rather give up a few pips than miss my fill, especially since I trade medium to long term.