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Study Notes: The Rising Wedge Pattern

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
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OANDA:USDCAD   U.S. Dollar / Canadian Dollar
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Study notes on the Babypips trading course

Based on this article: www.babypips.com/learn/forex/wedges

Example is EUR/CAD, when uptrend stopped and trend shifted into a brief downtrend.

The rising wedge is either a REVERSAL or a CONTINUATION pattern

Bad news in an uptrend, indicates a reversal is on the cards. In a downtrend, more of the same.

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