Study Notes: Falling Wedge

Study notes on the Babypips course. Based on this article:

babypips.com/learn/forex/wedges

Chart example: USD/ Swiss Franc

The Falling Wedge is a reversal/continuation signal, much like the Rising Wedge.

In this case:

- During an uptrend, this means momentum is cooling off a bit, but the price will continue to rise later.

- Can be formed at the bottom of a downtrend, meaning that there will soon be upside.

- Placing a long just above the upper line of the wedge would be a good place to get into a trade.