The pair has formed the rising uptrend in the previous. In the previous NFP, there was no much of volume to make the movement. However, the buyers and sellers stopped out in the Monday leaving the traders in wonder to make emotional trades.
To break down the analysis: the pair has overall downtrend, whereas, the pair has made to the micro uptrend to induce the buyers so that the big bros can short it. I will be looking for short opportunities on DMA.
Always use proper money management. Do not make emotional decisions.
This setup was quite good and gave me the best entry on DMA. 1:2 is achieved. It could give me 1:4 but lets not get greedy. Follow the plan!