randallbachir
Short

Wedge Triangle Pattern

FX:USDCAD   U.S. Dollar / Canadian Dollar
In the following graph we can appreciate an ascendant wedge pattern, this pattern is characterized for having higher highs and even higher lows on price. In this particular pattern we can see the reversal on the trend indicating that our position should be bearish , with our estimate on the on the profit indicated with the green arrow, which is the size of the base of the triangle.

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