Yesterday formed a retracement around 135.0.

It was the movement I had expected in my scenario, but I did not enter because I was concerned about the support lower down—the H4 moving average and the weekly low near 134.0 around that area.

As a result, it declined to 132.50.

Yesterday, at the level I was watching 1.0750 it turned into a fake, and after the range breakout I went short.

The movements around here provided multiple reasons for a decline, such as the H4 candle not closing above the previous day’s high, giving me confidence to short.

Reached a potential support at 1.0550, so I exited. +166 pips