A short explanation for beginners willing to understand Trading using Wedge Patterns.
After an eagle eye (which you will develop in time if you dedicate time and effort on Forex charts) you will be able to identify this pattern. Simply it has the shape of a WEDGE.
In this example (AUDCAD), I identify a falling wedge, which, theoretically, it will lead to an uptrend of the pair currency.
I also used Fibonacci retracement tool from Trading view to choose a potential target for taking profits.In this case, @ 0.99404 which sits at 0.618 retracement line.
After an eagle eye (which you will develop in time if you dedicate time and effort on Forex charts) you will be able to identify this pattern. Simply it has the shape of a WEDGE.
In this example (AUDCAD), I identify a falling wedge, which, theoretically, it will lead to an uptrend of the pair currency.
I also used Fibonacci retracement tool from Trading view to choose a potential target for taking profits.In this case, @ 0.99404 which sits at 0.618 retracement line.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。