Another commonly used chart pattern, the wedge formations, are in nature quite similar to triangle formations patterns and often the two are confused with one another, although wedge formations are mostly considered trend reversal price action patterns.

Part of our multimedia library, learn in this video what is wedge formation in Forex and how to use this price pattern on your trading strategy.

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If you would like to know more about other trading strategies, including Fibonacci retracements, Pivot levels and Support and Resistance levels, please read our complete article 3 Professional Forex Trading Strategies That Work