The price broke above the trendline that had formed previous week. After the break most of the breakout traders hop in to catch the reversal. Additionally, support and resistance traders also get in after resistance act as support. Thus, many people are buying the pair, the pair more likely to drop. However, today is NFP, price will not behave as normal.
Trade Updated. The pair gave 50pips drop and i caught the 30pips move only. However, it was a nice trade!
