Wedges are a very common chart pattern, found especially in the Japanese currency pairs.

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This is the single most widespread chart pattern, yet many traders trade it wrong.
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The are two types of wedges:
- Ascending wedge
- Descending wedge
When an ascending wedge occurs it indicates that there are more participants in the market selling and often indicates that any upward momentum will begin to slow. Breakouts that occur in wedges, always follow the opposite direction of the original move. They can be easily identified by a retracement that begins lower than the previous peak.

It should be noted that many major market trends have ended with either a ascending or descending wedge.

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The are two types of wedges:
- Ascending wedge
- Descending wedge

When an ascending wedge happens it indicates that there are more participants in the market who sell and often indicates that any upward momentum will start slowing. Breakouts that may happen, always follow the opposite direction of the original move. They can be easily noticed with the help of a retracement that begins lower than the previous peak.

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