NFP data has been released, it is slightly less than what is expected. Now there is a Ascending channel in eur/usd 1 hour time frame. the price is bounced back couple of times from the upper channel line, so its a good place to short the euro . but i didn't initiate the trade before NFP. Now after NFP there is 2 scenario, price is currently on the support which is the base of the channel 1.0850-60. and the resistance or the broker trend line 1.0910. so i go long on euro with a limit order from the support and hold it until it reaches the broken trend line.
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