It is possible to trade profitably and completely ignore news events. You should not let upcoming news panic you out of a good trade. It is also true that "accidents tend to happen along the line of least resistance", so good trades tend to be helped and not hindered by news releases.
However, when there is an upcoming news release and your stop loss is within easy reach of typical pre-news volatility - as was the case here - your trade outcome is likely to be little more than a 50/50 gamble. In these cases, moving to protect the trade, as we did here, can be a wise move.