what is wedge chart pattern in forex traiding

What is wedge chart pattern in forex traiding

INTRODUCTION ABOUT WEDGE CHART PATTERN IN FOREX. Forex mein chart patterns ka istemal karke traders market mein price movements ko samajhte hain. Wedge pattern ek aham chart pattern hai jo traders ko price ke potential reversals aur trend continuation ki nishandahi karta hai. Is article mein hum Wedge pattern ke bare mein tashrih karenge. Wedge pattern ek technical analysis tool hai jo price chart par banne wale price movements ko darshata hai. WEDGE PATTERNS KINDS: Falling wedge pattern mein price gradually kam hota hai lekin support line flat rehti hai. Yeh pattern generally bullish reversal ya trend continuation signal deta hai.Rising wedge pattern mein price gradually badhta hai lekin resistance line flat rehti hai. Yeh pattern generally bearish reversal ya trend continuation signal deta hai. WEDGE PATTERN TECHNICAL ANALYSIS: Wedge pattern ko identify karne ke liye traders price swings par dhyan dete hain. Falling wedge pattern mein price higher highs aur higher lows banata hai, jabki rising wedge pattern mein price lower highs aur lower lows banata hai. ENTRY POINT: Wedge pattern ke breakout ke baad traders entry point tay karte hain. Falling wedge pattern mein price resistance line ko break karke upar jata hai, jabki rising wedge pattern mein price support line ko break karke niche jata hai. STOP LOSS: Stop loss ek zaroori hissa hota hai jisse traders apni positions ko protect karte hain. Stop loss order ko generally support line ya resistance line ke neeche set kiya jata hai, jisse agar price against direction move kare toh position close ho jati hai. TARGET LEVEL: Wedge pattern ke breakout ke baad traders target level tay karte hain. Target level ko previous swing highs (in case of falling wedge) ya swing lows (in case of rising wedge) par set kiya jata hai.