Was last week a reverse of directions or just a pullback for Yen pairs, in any case, we do see Yen on the rise and a new Top Trade GBPCHF short, now is this a new trade or a continuation of last April’s signal,
Also, note US stocks are at All-Time Highs, a pullback in stock price could boost an already surging Yen
This is good TA. I had myself just last week made a stab at formalising my exit rules. Unfortunately I still have a small long NZD/JPY open - should have closed it Thursday night. I have pulled the stop tighter to further reduce potential loss. Just as with AUD/JPY I see the probability of a further price fall is greater than a price rise.
I show Bitcoin hitting another ALL-Time high of exactly 69,000 before selling off, this is why I do not trade Bitcoin, There is no way to predict its movement in the short term.
If you believe in Bitcoin then just buy and hold, buy more on the dips