Rising and Falling Wedges: Key Forex Trading Patterns
In forex trading, chart patterns play an essential role in technical analysis, helping traders spot potential trade setups. One of the most effective and widely recognized patterns is the Wedge pattern, which can be classified into two types: Rising Wedges and Falling Wedges. These patterns are often used to signal potential reversals or continuations in price trends, offering valuable insights for traders looking to capitalize on market movements. This guide explores what these wedge patterns represent, how to identify them, and how to trade them effectively in the forex market. What is a Wedge Pattern? A Wedge pattern is a