Yes! Have a look at today's PA on EU. Typically a slow moving pair not only did it spike up, but it made a 100%+ recovery before US market closed. The trick of forex is how you perceive the chart. I personally NEVER enter outside of a range on the 1m. Why? As when you are outside of a "range" your chances of the next candle going your way is 33% compared to 50% if you are already in a range. Remember, during a breakout the instrument you trade can continue to breakout, begin to go flat, or reverse. Well EU did all three today. If as a community be started to break down the PA on the 1m, you will see that the market is more accurate on the lower than the higher.
Here you see the reversal of EU! Inverted cup and handle formation!
How 95% of the traders feel this moment!