It seems that my fractal posted the other day, you can find it here:EUR/USD leadin USD/JPY. FOMC vs NFP has not worked out as planned and my concerns regrading volatility expansion where right and the whole picture was distorted.

So based on that plan I was short not only USD/JPY but took a short GBP/JPY (see Figure 1)as well and even though during Asia session the market has moved down by the time we have entered the European session we experience some wild swing and both of this 2 trade moved against me like 100 pips. I didn't close this trades right away even though they have almost wiped out all my previous profits because we're still moving in a ranging environment and the probability where that we're going to retest for one more time the 118.00 support level.


Once the market retraced I had my chance to close one trade at a small profit and the other one at small loss, but not before to give it a chance to break the 118.00 support level with didn't happened at that time so once I've seen it rebound again I decided to get out of both positions.

Best Regards,
Daytrader21
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