The descending broadening wedge is easily spotted on a chart. It looks like a megaphone with a downwards tilt. It’s equally likely to appear in downtrends as well as uptrends.
The ascending broadening wedge is a chart pattern that can be traded in several ways; either as a bullish/bearish breakout or with a swing trading strategy.
Swing trading works by trading on the recurring movements or swings that happen in currency markets. Most strategies trade in the direction of the prevailing trend.