Euro Day Strategy

This is a false breakout reversal strategy that fades short-term breakouts when they conflict with longer-term momentum. Here's the detailed breakdown:

Strategy Overview
Type: Counter-trend/Fade strategy disguised as breakout trading

Core Logic: Enter against immediate breakouts when longer-term momentum suggests the move is exhausted.

Strategy Classification
This is a FADE/EXHAUSTION strategy, NOT a breakout-following strategy

Enters against the immediate breakout direction
Bets on mean reversion when short-term price action diverges from longer-term momentum
Works best in ranging/choppy markets where breakouts frequently fail
Will get hurt in strong trending markets where breakouts are genuine

This strategy is designed for intraday mean-reversion trading on instruments that tend to range (likely forex or futures). It requires markets where false breakouts are common and price tends to snap back quickly.