DAdepa

EURJPY roll over to 130.100. 500 pips drawdown!!! THE REAL DIP!!

Short
OANDA:EURJPY   Euro / Japanese Yen
After market took orders for buy from 12th May on the NY market. I'm now expecting the market to give in all the orders for a rollover (possible sell run) of 500 pips before a bull run. Stops at 136.60.
Waiting for my EMA 8 and 50 to be breached completely at 135.00-134.90
Market currently forming head and shoulder, and needs to respect such system!!!


NB: red box: rejection zone

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.