A rising wedge USDJPY
A rising wedge pattern is a bearish reversal pattern. The pattern is formed
by two rising trendlines, converging in the end but not forming a triangle.
Entry is confirmed once the prices break below the rising trend line B,
with stops above the previous high, the profits can be booked with a good
risk and reward ratio.
by two rising trendlines, converging in the end but not forming a triangle.
Entry is confirmed once the prices break below the rising trend line B,
with stops above the previous high, the profits can be booked with a good
risk and reward ratio.
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