Short

EUR/JPY Possible M Formation at the .786

Updated

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/

Note

Stopped out on this one.

FXVampire

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