It is suggested to 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.
Yen
- Thread starter Wealthy Bucket
- Start date
That looks bearish to me . . . I always thought ascending triangles were supposed to be bearish. That looks like yen breaking down. In conclusion, bearish.
could go either way, long term trend is down.