2009-11-23 mini breakout play.

I use to be a breakout type of trader, cup and handle, NR7, etc.. Now I'm more of a support and resist trader.
Today it was trying to break on the 1.4940 support level, it was dropping pretty fast from 56 to 49 in the pase 15 minutes, so I traded. The key takeaway is, short on the pop, not on the breakout bar.

Here is the chart



+6 pips