If you are only playing the , time to take your profits. However, as in my previous analysis on this pair, I am expecting that this up move is just the start of the large wave C up trend to complete the ABC corrective wave. So I am personally holding onto my FULL Long positions per the wave C. Anyone who took this trade must do what your own plan tells you to do.
As of this posting, prices had reached and exceeded the 50% mark which completes the pattern. As I mentioned in my post on this, this pattern is a one. But depending on which way it goes from here, we can have a regular pattern and prices will go down or we can have a "failed" pattern in which prices will go up. Either way it goes, it should go for a while. Such is the nature of the pattern. Right now, prices are lingering around the 50% level. This is what I said I needed to see in order for a "failed" to occur. If prices remain around this area and just consolidate for a bit, it gives more confidence that prices may continue higher.
Year-to-date Profits: +5,794 pips.
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