This idea is behind the theory of market exhaustion. EURUSD made a high at 2:30am and hve come down since then. Around 1.2158 - 1.2152 or even 1.2150 place a buy order for 20 pips TP and 20 pips SL for a 1:1 risk/reward
EURUSD
EURUSD
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Our trade was triggered at 4:00 am and took profit at the next bar... not even showing a sign close to our stop loss. Quick 20 pips!