Upcoming Week

Discussion in 'Trading' started by Wealthy Bucket, Jul 25, 2014.

  1. The theme for the upcoming week is very similar to last weeks. If entertaining new positions, it is suggested that the duration be based on a short-term bias. As long as the Yen trades within the price pattern, expect similar market behavior as last week.

    As mentioned last week, it is also suggested t begin looking for bearish opportunities in the event Yen breaks to the upside and completes the Ascending Triangle pattern. Since the majority of retail investors and traders maintain a bullish bias, it would be prudent to consider offsetting the risk in the event the equity market turn should Yen break to the upside.