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FXVampire
Jul 22, 2017 8:08 PM

EUR/JPY Possible M Formation at the .786 Short

EUR/JPYOANDA

Description

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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