Pullback to Support Level
First and foremost, we always want to trade in the direction of the trend. In my opinion, you were correct in passing on this trade inasmuch as it was countertrend trade.
A trader will protect themselves by using the prudent placement of stops. After the pair retraces and "bottoms out" at around the .9100 level, a long position could then be taken with the stop below the lowest wick...see the chart below.
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