Wedging Pairs

Posted on Tuesday, March 30th, 2010 at 7:36 pm.

Dr. Blythe here,

Wedges are great formations where we use support and resistance lines and trend lines to show us the market movements. The EURUSD pair on the daily chart has set up a really nice wedge formation and well as the GBPUSD daily chart. Once we get the breakout we can expect some really large movements so keep an eye out.