The falling wedge, like the rising wedge, can assist you in establishing long-term positions. ![]() Position Trading Strategy: Use the Falling Wedge to Catch a Major Market Reversal The uptrend should break past a resistance zone and transform into a parabolic blow-off. To begin, open a short-term chart, such as the 5-minute or even 1-minute chart, of a major currency pair (EUR/USD, GBP/USD, etc.). These circumstances can provide excellent scalping opportunities, among other things. Traders are prone to being too enthused, and as a result, markets frequently experience periods of exorbitant growth. Much like fear, greed is a powerful emotion. Scalping Strategy: Grab a Few Pips from Euphoria-Driven Markets
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