Have been holding long on this pair since completion of this pattern. There is quite a bit of fundamental news scheduled for release today that could cause some volatility in this pair, i.e. BOC statements & reports, and US Oil inventories. May help move this out of the slight consolidation period we are in currently.
Will be short this pair if we see another rejection at the .618 level of previous BAT pattern. ADP numbers helped out this morning and banked 70+ pips already, but may be able to get a few more if we get a double top.