The pattern we have on this pair is going to be a pattern completing down at the 1.9328s level. Minimum stops should be 10pips below the X leg, but in my professional opinion (I don't use the 10pips rule) it's probably worth risking a few more pips to give yourself the safety of being below the even handle seeing how these psychological numbers often act very similar to structure.
Although we have the bigger pattern on the horizon, i wouldn't assume that it's going to complete and would have no reason to get fancy with extended targets or trailing stops for bigger gains. We still haven't broken previous resistance (Bigger B leg) therefore structurally I have no reason to think continuation.
For a look at last week's rollercoaster of a ride in the markets please check out my latest blog post "Trading Recap Week 17: Self Evaluation" Good luck this week traders!!! http://tradeempowered.com/trading-recap-week-17-self-evaluation/
Chief Currency Analyst
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