explain three black crows pattern in forex trading

Explain three black crows pattern in forex trading

THREE BLACK CROWS PATTERN IN FOREX TRADING PREAMBLE Three Black Crows pattern forex mein ek common price pattern hai. Iska matlab hota hai jab teenth ya teen consecutive bearish (girawat ki taraf jane wali) candles ek saath dikhte hain. Yeh ek potential trend reversal signal hota hai jab market uptrend se downtrend mein badalne lagta hai.Har pattern ki tarah, Three Black Crows pattern bhi kabhi-kabhi galat ho sakta hai. Isliye, is pattern ko confirm karne ke liye aur bhi technical analysis tools ka istemal karna chahiye. Risk management ka bhi dhyan rakhna zaroori hai, taaki trading losses se bach sakein. FORMATION OF THREE BLACK CROWS PATTERN IN FOREX Three Black Crows pattern ki pehchan karna asan hoti hai. Isme teen achuk steps hain: THREE CONSECUTIVE BEARISH CANDLES Pehli shanakht yeh hai ke teen mukhtalif candles ek saath niche jati hain, har ek mein closing price opening price se kam hoti hai. CANDLES KI LENGTH Har candle ki body choti honi chahiye aur ideally pehli candle se dusri aur teesri candle ki length kam honi chahiye. LESS IN GAPS Agar candles mein gaps hain (yani ek candle ka opening price dusre candle ke closing price se alag hai), to pattern kam effective ho sakta hai. THREE BLACK CROWS PATTERN TECHNICAL STRATEGIES Three Black Crows pattern ka matlab hota hai ke market ki buying pressure kamzor ho rahi hai aur selling pressure barh rahi hai. Yeh ek potential downtrend ka signal ho sakta hai. Lekin, is pattern ki confirmation ke liye doosri technical analysis tools ka istemal zaroori hota hai, jaise ke RSI, MACD, ya support/resistance levels.Pattern ki tasdeeq ke liye, agli candle ko closely monitor karna hota hai. Agar agli candle bhi bearish hai aur price further neeche ja raha hai, to yeh confirmation ho sakta hai ke trend reversal hone wala hai. Entry ke liye, traders short positions consider kar sakte hain.