Guys, remember how we trade this
1. we sell on the break
2. Stops just above the BO candle (so we are still in)
3. If we get stopped, we wait for a retest and consolidation to breakout or reversal to enter at the other side
My stop is just above the current candle
~50 pips up is not too bad
Have a good weekend everyone
If you wanted a logical reason..
This is a range. It has not been a trend for a while
So in ranges, it is like guess work. Noone really knows when or where or how or for how long things will move or stop
So when I say "I'm not sure", you have to be sure that I am giving you my honest answer.
We trade ranges with the knowledge that we might get whipsawed because the payoff is potentially great.
Also, if you look at my educational material, you will notice that I trade breakouts with only 25% of my usual lot size .. now you know why