This is a longer term trade. The pair seems to have come to a bottom and formed a nice inverted head and shoulders pattern. There is also some great bullish activity with on multiple time frames in terms of price action. Anticipating a smooth ride up.
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I ended up closing this trade early for 120 pips profit. I realised that this trade would take a long time to play out, perhaps 4-5 weeks in total which is not the length of time I want to stay in a standard trade. Trade reached 200+ pips and I will monitor it to see if it reached my target level.