well, it got halfway to my target and i lowered my stop to "in profit" territory because it came back up and started looking bullish. sure enough i was stopped out. small profit. this level seems to be holding - may not get a better entry to go long atm. i'm still on the fence about taking a further trade.
Update: although this trade didn't make me much money, I think I learned something from it. Price kept moving down and hit 1:2 RRR. So, in the future if I attempt a countertrend trade, I think I will set that smaller RRR as my TP. Duh, retracements are always shorter than the dominant trend legs. So, set that smaller RRR, and leave my trade alone and trust my initial instincts for what price is going to do <-- I was right about the direction it was going to move, I just need to stick to my plan.