Forex Rising Wedge Pattern In Forex Trading
The Forex Rising Wedge formation pattern is also called a bearish reversal pattern or trend exhaustion setup and is a Forex trading formation pattern that traders utilize in order to make sound judgments with respect to potential downside price breaks. The pattern usually occurs when a currency pair goes up within a decreasing range, which becomes wedge-shaped with an upward slope. The pattern is indicative of loss of bullish momentum with the formation of higher highs and higher lows at a reducing occurrence. The pattern often forms at the termination of an uptrend, signaling a potential trend reversal to the bearish side. While it may appear bullish on the outside, the rising wedge formation tends to present excellent shorting opportunities. Breakdown trades are typically desired following the breakdown of the lower trendline and when the price is in bearishness below support.
This course teaches you the ways the Forex rising wedge patterns are used and utilized in Forex market analysis and how you can use them to become a better and more profitable trader.
