Study Notes: The Rising Wedge Pattern
Study notes on the Babypips trading course
Based on this article: www.babypips.com/learn/forex/wedges
Example is EUR/CAD, when uptrend stopped and trend shifted into a brief downtrend.
The rising wedge is either a REVERSAL or a CONTINUATION pattern
Bad news in an uptrend, indicates a reversal is on the cards. In a downtrend, more of the same.
Based on this article: www.babypips.com/learn/forex/wedges
Example is EUR/CAD, when uptrend stopped and trend shifted into a brief downtrend.
The rising wedge is either a REVERSAL or a CONTINUATION pattern
Bad news in an uptrend, indicates a reversal is on the cards. In a downtrend, more of the same.