GBP/JPY: Long-term
Updated
We've seen the "Reversal rising wedge" on weekly time frame.
Every rising wedge has bearish character. This means a rising wedge reverses bullish trends and continues bearish trends. At the same time, every falling wedge has bullish character. So, falling wedges reverse bearish trends and continue bullish trends
more: google.com/search?q=falling+ascending+pattern+forex&rlz=1C1CHBF_enVN766VN766&source=lnms&tbm=isch&sa=X&ved=0ahUKEwim2Zn8jcXZAhUHrY8KHTuSAi0Q_AUICigB&biw=1536&bih=743
Every rising wedge has bearish character. This means a rising wedge reverses bullish trends and continues bearish trends. At the same time, every falling wedge has bullish character. So, falling wedges reverse bearish trends and continue bullish trends
more: google.com/search?q=falling+ascending+pattern+forex&rlz=1C1CHBF_enVN766VN766&source=lnms&tbm=isch&sa=X&ved=0ahUKEwim2Zn8jcXZAhUHrY8KHTuSAi0Q_AUICigB&biw=1536&bih=743
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.