FosuaForson

Falling wedge explained *460 PIPS *

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
the falling wedge serves as a reversal signal.
After a downtrend, Notice how the falling trend line connecting
the highs is steeper than the trend line connecting the lows
Upon breaking above the top of the wedge , the pair made a nice move upwards
that’s approximately equal to the height of the formation.