explain about ascending channel in forex trading?

Explain about ascending channel in forex trading?

EXPLAIN ABOUT ASCENDING CHANNEL IN FOREX Dear friends Forex trading mai, Ascending Channel (Urooj Pazeer Channel) ek graphical pattern hota hai jisay uptrend ko represent karta hai. Yeh pattern price action ka ek important aspect hai jo traders ko market ke direction aur potential entry/exit points kay baray mai maloomat deta hai. Ascending Channel graphical analysis tool hai jo samjhaya ja raha hai. 1. FORMATION OF ASCENDING CHANNEL. Urooj Pazeer Channel do trend lines say bana hota hai: ek upper trend line aur doosra lower trend line. Upper trend line prices kay higher highs par draw kiya jata hai jabkay lower trend line prices kay higher lows par draw kiya jata hai. Dono trend lines kay beech mai price bar bar oscillate karti hai. 2. UPTREND CHANNEL Ascending Channel uptrend (Urooj Pazeer trend) ko represent karta hai. Yeh channel market kay bullish phase ko indicate karta hai jahan prices consistent tareeqay say higher highs aur higher lows banatay hain. Uptrend mai traders usually long positions (khareedari) lena pasand karte hain. 3. UPPER TREND LINE Upper trend line channel ka resistance level hota hai. Yeh line prices kay higher highs ko connect karti hai. Agar prices upper trend line ko break kar kay upar nikal jayen, toh yeh bullish signal hai aur uptrend ka continuation suggest karta hai. Traders is breakout ka istemal kar kay long positions le saktay hain. 4. LOWER TREND LINE Lower trend line channel ka support level hota hai. Yeh line prices kay higher lows ko connect karti hai. Agar prices lower trend line ko break kar kay neechay jayen, toh yeh bearish signal hai aur uptrend ka khatam ho saktay hain. Traders is breakdown ko istemal kar kay short positions le saktay hain. 5. ENTRY AND EXIT POINTS Ascending Channel ki trading strategy mai traders upper trend line kay near sell orders lagatay hain aur lower trend line kay near buy orders lagatay hain. Prices upper trend line ko approach kartay hain, toh sell orders execute ho jatay hain aur jab prices lower trend line ko approach kartay hain, toh buy orders execute ho jatay hain. 6. STOP-LOSS Stop loss orders upper aur lower trend lines kay opposite sides lagaye jatay hain. Take-profit orders usually upper trend line kay near lagaye jatay hain.Urooj Pazeer Channel forex trading mai price action analysis ka important tool hai. Traders is pattern ka istemal kar kay market direction aur entry/exit points determine kar saktay hain, lekin isko samajhnay aur tajruba hasil karne kay liye practice aur market ka thorough analysis zaroori hota hai.