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EUR/JPY Possible M Formation at the .786

Short
Euro / Japanese Yen (OANDA:EURJPY)  
FXVampire Updated   
OANDA:EURJPY   Euro / Japanese Yen
Fibonacci extension 786 Fibonacci Retracement TDI Divergence Bearish Patterns
5
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fibonacci extension 786fibonacciretracement tdi divergence bearish
Here we have a possible Extension to the 1.272 from the .786 Retracement. I will not take the trade until I see it come back up and test the .786 retracement and there is obvious TDI divergence. We shall see what happens after Monday. I wouldnt be surprised if Monday the market rallies up a bit to trap more buyers, then drop it quickly in London.


https://www.tradingview.com/chart/ESQIwmZp/
Comment:
Stopped out on this one.
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