Whatever was last trend before this unless like in ES it has entered into "Reversal Zone", under normal trading in first 60 minutes of ES day trading, it has a swing of 7-10 points, so especially if market has dropped 7-10 points, I won't take any sells, more than 50% of the time when markets goes sideways it will break out to up side, whereas markets that go sideways after move up less so to continue to go up, especially in currencies when you fast move to upside with big range bars at highs you can notice sideways action for few hours then starts to show lower highs/lows. So when price enters sideways before or beyond this zone, I will label chop to whatever that trend was before looking for triple highs/lows, double extremes but more clustered into a tighter extreme or deeper by few ticks which often traps some into thinking market reversing then take breakout or it price hit Bollinger Band just enter then. Regardless where I enter, I use mental three point catastrophic protective stop, but advise all to use hard stops. Wide stops should seldom be hit, way to many allow price to hit them, too many traders sit there like deer in headlights, study price much more to know where price should not go past, do many more hours of back testing using MAE & MFE http://www.tradingheroes.com/mfe-and-mae-deconstructed-and-how-they-can-help-your-trading/
The more you fine tune your trading, better you are equipped to know more than others who don't go beyond the books.
