Trade closed: target reached:
An important part of our analysis that differentiates us as professional traders is our ability to understand washout of positioned traders prior to a directional move (In this case traders with short positions). Price moves in the path of least resistance. Forcing traders out of short positions with an upside pop before the big decisive move to the bid zone was the optimal trade. Patience is key. Remember in trading the second mouse and at times the 3rd mouse, gets the cheese.