Morning Trading May 18, page-260

WC8

A few things to ponder IMO
Chart, in hindsight shows that 49 was never going to get down there and one could have bounced off any point thereafter for a trade
You need to remember that many day traders take quick pip trades,of which there can be numerous during the course of the day or only 1

.Longer chart - daily candles
Historically 60 is a resistance point, hence one starts to become cautious - while still looking for quick trade opportunities.