Stop nudged up again with R/R nearly @ 1/1 now. For me the 200 EMA on the 4 hr needs to hold or we could easily see a sell off to challenge those lows from when we entered the trade.
Trade closed: target reached:
Profit taken via stop loss. R/R of around 0.61 so not the best risk/reward but still a decent trade considering the price action. Will probs be looking for strength to come back in for a potential momentum based strategy rather the mean reversion one we used here.