GBP JPY time to Short

13 dic 2016

We are in a Daily Shark
Also a Butterfly on H1.\
Very nice Risk Reward

14 dic 2016

Trade chiuso: stop raggiunto

Got kicked out. Market pegged GBP to USD after Brexit vote. Feds did the move, GBP and USD give a beating to JPY and EUR. We still are in the Shark's PRZ, however, when harmonic levels are broken , market tell us that there might be a shift in the trend. So if the Short Butterfly PRZ is rejected once more, than a long might be appropriate. I am not using this strategy to often and right now I have some trades I 'll have to manage so decide for your self for a reentry.