We have a break to the downside and it looks like it was just a fake BO
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maybe not.. 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
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Entered short at the WPP My stop is just above the current candle
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My risk is less than 10 pips
Trade closed manually
I'm leaving this trade now .. not for anything except that I'm bored with it ~50 pips up is not too bad Have a good weekend everyone
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I'm bored with it AND we are at the bottom of the bigger range... If you wanted a logical reason..
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.