Where are we now? and where to go from here?

As shown in the chart guys, USDJPY did a very strong up move. It retraced 50% back up in 8 weeks what took more than a year of downtrend. The trend is clearly up by all the rules that you can find out there about trends :) I still see many talking about the big short etc. Well yes it may just plumb down and yes we may have a deep correction, but the problem is the guessing of what will happen next. We do better if we react to what signals the chart is giving us and play after those signals.

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