It's been a few hours since the NFP release, which pushed price up over 250 pips within one hour. Looking like price might have been pushed there for the institutions to mitigate out their previous buy positions. If that's the case, looking for price to drop from where it is now for at least 150 pips, and could potentially come down a lot lower to take out the equal lows sitting further below.
On the other hand, price is still extremely bullish and could easily take out stoploss very quickly targeting the equal highs above, so will use good risk to reward and see how the market unfolds.
On the other hand, price is still extremely bullish and could easily take out stoploss very quickly targeting the equal highs above, so will use good risk to reward and see how the market unfolds.