Mostly a RR play banking on a potential false break. Tight stops for a quick out when things go against me. Minimum target is 55c which is 3.7R. Could go way higher but we'll see. Note this is a low probability high RR play. I like these moves and have studied them but like anything else in this business, they don't always work.
Trade closed: stop reached
⋅
Stopped out. Timing issues. We did get re-entry signals which I missed. This should be targeting 55cents minimum. Bulls want to reclaim 55c while bears are going to be selling at that price. A break above could be explosive.