Do Pending Orders Work?

Updated
A very clean chart on EURJPY. Uptrend broken. Looking for it to pullback as resistance and drop. Testing to see if setups can be traded in this way or do we constantly have to monitor charts for rejection?

NOTE: This is a journal purely for documentation and NOT a signal!
Trade active
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Note
100 pips up. SL moved to entry.

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Trade closed manually
What a shame! 230 pips up and price hit break-even

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EURJPYeurjpyshortTrend Analysis

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