Trailing stop means that it will follow that trade and whatever your stop is like a 20 pip as soon as it gets from the high of that candlestick it will go down 20 pips and get you out. Flip it on a sell.
Look back at the end of December and the Beginning of January. That bottom was around 1.4350.
Should'nt we wait to see a double bottom before we buy? Or am I wrong?