The forex rising wedge (also known as ascending wedge)It is a powerfull.The rising wedge is found when price between upward sloping patterns support and resistance.This is formed by rsistance and support colabration at two or more is better.The diffrence between intraday six or seven candles short term three or four week middle term three or four months long term seven or eight months. The volume is differ to each other. When as chart is start a direction then up is resistance and bellow is support be formet. The price valu is first to second high. Now one trend line to resistance direction and other trend line is support direction. For selling to search is a candle as to bellow the support with to be gap down open this is the signal. Stop loss add up the resistance. If stop loss below two percent the rule of risk riward ratio with used triling stop loss.profit booking if first support to resistance distance after candle is to sure aplly it process per must is candle to be support bellow. The graph direction is clear show on this charts pattern.

Comments