Failed Break Out or Bearish Trap ???

5 times now this has tried to break out for new highs
and failed. A closer retest of the 1.5365 area should
tell the story. In my mind the odds favor another
downside run. Risk/Reward is pretty good, but,
psychologically a 90 pip risk is very uncomfortable
for me to handle. Smart stops, however, must go
above the breakout high.
Hope the candlesticks really, really light the way !!!!!