Study Notes: The Rising Wedge Pattern

Study notes on the Babypips trading course

Based on this article: 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.