Dislikednormally, i never trust a fake out during Asia or Lone us session unless there's liquidity coming in from news event. Unless there's a on going breakout or huge trend after a fundamental event. Such time, i will take it as false break or overshoot, and a good risk reward position to build long on range. the overshoot is more likely for stop loss hunting and activating sell orders. this is why certain timing, stop orders should not be placed and must be monitored. I would take that sell signal only during Europe opening or news. Still i can be wrong,...Ignored
We live in a finite world with infinite possibilities.