There's no such thing as a no brainer trade. I think he was joking with the name of this thread. Buying support and selling resistance is not all it takes to trade. However, its the best framework out there. It wasn't really a scalp it was more a tactical execution of a larger strategy. All information the market generates has use it adds precision. Any one that says 1m is pure noise is either an investor or unskilled. Its true this short time frame adds no value to an investors plan. However, if you are trading not investing you should be aware of all forms of information.
The more information the better, was just commenting that type of setup on the 1m chart was a bit different from the norm of the thread. No brainers may be a misnomer, but certainly some trades are a lot more obvious than others. 
BRV, that is exactly the type of analysis I'd been looking for. Thank you (for the record I went long at 1.2665 and then closed it at breakeven after getting the jitters with the whipping going around-- bad move in hindsight).
Do you have a target, and do you think the levels I posted hold any relevance for a possible continuation or do you expect the retracement to continue on strong? Or, third and probably answer... it depends?
that is the problem with trading. you never know which is good for 50 pips or 250 pips. the closest thing i have ever seen anyone get in this realm is cycles. but cycle work can get really complicated and confusing. best bet put positions on in 1/3 or 1/4 and take pofit every 50 pips on a portion.
No one ever definitively knows whether a pair is going to breakout or bounce, or perhaps neither and just consolidate. Have a gameplan, watch price action, observe the markets, and trade for the long term statistical edge.
Someone posted this earlier.
There are 2 big levels here:
1.2655 (bottom of 1hr bucket)
1.2640 (intersection of diagonal trendline)
.......
..........
...........
In regards to why this level was 'okay' for me to fade, price has been crawling down at a slow pace all night, and 5, 15, hourlies are all cooked in terms of downside, and we havent seen any real sizeable retracements in the past few hours. Not to mention its just a big key area in general. If there is anywhere price is going to react, it was going to be around here.
