Study notes on the Babypips course. Based on this article:
babypips.com/learn/forex/wedges
Chart example: USD/ Swiss Franc
The Falling Wedge is a reversal/continuation signal, much like the Rising Wedge.
In this case:
- During an uptrend, this means momentum is cooling off a bit, but the price will continue to rise later.
- Can be formed at the bottom of a downtrend, meaning that there will soon be upside.
- Placing a long just above the upper line of the wedge would be a good place to get into a trade.
babypips.com/learn/forex/wedges
Chart example: USD/ Swiss Franc
The Falling Wedge is a reversal/continuation signal, much like the Rising Wedge.
In this case:
- During an uptrend, this means momentum is cooling off a bit, but the price will continue to rise later.
- Can be formed at the bottom of a downtrend, meaning that there will soon be upside.
- Placing a long just above the upper line of the wedge would be a good place to get into a trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.