I am now going to be closing this trade because of my recent analysis on this pair about a possible triangle pattern
forming and also bullish
PA at this point to form the D Leg of the triangle. Also, with the upcoming news events this week, more consolidation is forthcoming and any kind of trend developing is highly unlikely. This favors a triangle consolidation forthcoming. So no need to stay in for now. I'll sit with a +28 pip gain and see what develops for now. I may still get in LONG for the E leg of the triangle but I'll watch the PA to see if there is a good opportunity here. Otherwise, I'll look for the completion of the E leg to see about going SHORT.