Retraced back to the 50% fibonacci level from the impulse and is forming a continuation bullish pennant.
Trailing stop loss below the initial retrace to secure 8% profit in case the trade turns back down from here.
8% from our initial risk is still a 3-4 RR trade.
I see a 17-20% continued upside with a breakout in the next 24 hours hopefully.
If not, the profit will be secured and we will move on to the next trade.
Hope you guys enjoyed this one. :)