TRADING WITH THE WEDGE MOVEMENT PATTERN| BY @BLISSUJU - 10% TO THE COMMUNITY ACCOUNT

A beautiful day and weekend here from my country to you all. I believe everyone is doing just fine, and I believe we all slept well. I will be talking about a pattern trend in the market.

Recently I talked about the uptrend movement and also the down trend movement, but then there is this movement that I have not yet explained and it is also part of the crypto currency trading market movement and it is called the wedge pattern movement.

I am sure that after this article , we all especially new users who trade crypto currency will be able to trade perfectly and safely in the crypto trading market.

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Traders of the crypto currency often launch the trading application to look at the market trading movement in price and volatility to see what is really happening in the market.

Traders are often concerned about just the uptrend movement and the downtrend movement, we all know that the uptrend movement indicate a buy trade entry and then the down trend movement indicate a sell trade entry.

These are the two entries that traders often focus on.

Some other traders only believed that this two are the only trend movement in the crypto currency trading market and this is why today, I am here to tell you all that we still have another trend movement which I will be explaining today to we all in the community for more understanding of the various trends movement in the crypto currency trading market.

THE WEDGE PATTERN MOVEMENT KIND OF TRADING

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The wedge pattern is another type of trading pattern in the market that most people do not know about.

A lot of users just go in to the trading market and then look at the market movement if it is either on an uptrend movement trade or a down trend movement but not considering the wedge pattern movement.

The wedge pattern movement is a for of a zig-zag movement. it is a movement that is not seen o a straight trend and as such it is seen in an haphazard style of trend movement.

This trend can be confusing when a trader wants to trade because it often looks like the market price of a certain currency is moving to an uptrend level, but in a short while the price of the currency will retrace back to a downtrend level.

And also on seeing that, a trader will think that the crypto currency price is now moving on a downtrend level and that same trader will then want to execute a trade on a downtrend movement that is by executing a sell entry and then we may likely to see another retracement.

So with this movement in the crypto currency price, it will be difficult for new traders in the crypto currency trading market to make a positive trend when such trend movement is seen.

Now the wedge pattern is a type of trading pattern which is very confusing but with proper study of the crypto currency trading movement in the market, then one can have an edge in the crypto market when such movement is seen.

HOW TO TRADE WITH THE WEDGE PATTERN TREND MOVEMENT

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The wedge pattern is a different pattern entirely which is seen in the trading market. many traders make use of the wedge pattern for scalp trading. you can not place a long term trade on the wedge pattern because the trade is likely to move to the other direction.

So the wedge pattern is a kind of trading pattern which traders only place a very short trend in the market just to take their profit on time before the market changes it direction in the crypto currency trading market.

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Traders when viewing the market properly and see that the market movement is moving towards a down ward movement, they quickly place a sell order entry and still stay in the market, watching it so closely and when the take profit order is met, the trader will quickly exit the market.

And when he noticed that the market movement is now moving on an uptrend manner, the trader , after exiting the previous sell trade, will then make a new buy trade entry order to also gain profits from that movement.

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The above is a clear explanation on how a trader performs or executes trades using the wedge movement trading pattern. and we call this kind of trading a scalp trading.

In which the trader will not leave the market because if he leaves, the market might go to the opposite direction and that can make a trader lose funds when the trader leave the trading market.

I will round up this article by saying, the wedge pattern is not easy to trade with unless you are a good scalp trader.

So as new traders, it is advisable to flee from the market when ever you see the wedge pattern movement and then wait until there is a breakout from that trend movement to a clear movement which will be ether an uptrend movement or a downtrend movement.