Falling wedge Pattern 🤯📊 | How To Recognize 💥🔍 Explained ↓ #fallingwedge #short #trading #forex

Falling wedge Pattern 🤯📊 | How To Recognize 💥🔍 Explained ↓ #fallingwedge #short #trading #forex
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Explained ↓
The Falling Wedge setup indicates a potential bullish reversal. To trade this pattern, first identify it by its converging trendlines with prices contracting as they move lower, typically on lower volume.

As the setup develops, watch for a bullish breakout through the upper trendline. This is your cue to consider entering a long position.

Confirm the breakout with an increase in volume, suggesting strong buyer involvement. Set a stop loss below the most recent swing low within the wedge to protect against potential reversal of the breakout.

For your profit target, measure the distance between the widest part of the wedge and project this same distance upward from the breakout point.

Always confirm with additional indicators and be ready to adapt to sudden market changes. This is not financial advice.

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