Pair: USD/THB
Pattern: Falling Wedge
Trend Shift: Bearish ➡️ Bullish
Bias: Bullish Reversal
🔍 Pattern Breakdown:
USD/THB has been consolidating in a falling wedge, a classic bullish reversal pattern that forms when the price makes lower highs and lower lows — but within converging trendlines.
This wedge shows declining bearish momentum, often indicating that a strong upside breakout is imminent.
✅ Bullish Signals:
Tightening Price Action – Signs of seller exhaustion
Volume Drop during wedge formation – common before breakout
RSI Divergence – Momentum beginning to shift upward
#USDTHB #ForexPatterns #FallingWedge #BullishReversal #TechnicalAnalysis #PriceAction #ChartPatterns #ForexSignals #BreakoutTrading #SmartTrading #FXMarket
Pattern: Falling Wedge
Trend Shift: Bearish ➡️ Bullish
Bias: Bullish Reversal
🔍 Pattern Breakdown:
USD/THB has been consolidating in a falling wedge, a classic bullish reversal pattern that forms when the price makes lower highs and lower lows — but within converging trendlines.
This wedge shows declining bearish momentum, often indicating that a strong upside breakout is imminent.
✅ Bullish Signals:
Tightening Price Action – Signs of seller exhaustion
Volume Drop during wedge formation – common before breakout
RSI Divergence – Momentum beginning to shift upward
#USDTHB #ForexPatterns #FallingWedge #BullishReversal #TechnicalAnalysis #PriceAction #ChartPatterns #ForexSignals #BreakoutTrading #SmartTrading #FXMarket
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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.