Time to re enter Euro Trade ?

FX:EURCAD   Euro / Canadian Dollar
28 0 2
I took this long EURCAD             position on the break of a head and shoulders pattern, i closed it for a loss on friday. The Euro             rebounded impressively back above the neckline after the opening gap down. It appears to have stopped at a trendline .
I have considered an entry but decided to wait. The risk of a substantial move in either direction just seems to big
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