Over the last week, the pair has shown some intent to stay on top of the and thats a good sign for the upward continuation. I believe that it is time to move our stop higher and save our profits. After testing the previous consolidation at around 1.2360, the pair has formed another for us. It is around 1.2432.
I suggest that we move our stops from the middle of the to somewhere below this now. Maybe around 1.2410. That way, if you had gone along after my first long call, you can have 140 pips if this fails and in case you entered at the breakout of the , you can look at a breakeven.
But remember, for the idea to fail, there must be a close below the new around 1.2430!
So, please do not enter a S/L on your trading platform, i would recommend monitoring manually and then calling the shot