AN EXPLANATION OF THE SYMMETRICAL TRIANGLE CHART PATTERN STRATEGY IN FOREX
BASIC CONCEPT
Symmetrical Triangle Chart Pattern ek technical analysis tool hai jo market mein price consolidation ko show karta hai. Yeh pattern mostly continuation pattern hota hai, matlab yeh trend ke continuation ka indication deta hai.
CHARACTERISTICS OF SYMMETRICAL TRIANGLE
CONVERGING TRENDLINE
Symmetrical triangle mein do trendlines hoti hain: ek upper trendline jo downward sloping hoti hai aur ek lower trendline jo upward sloping hoti hai. Yeh dono trendlines aapas mein converge karti hain.
VOLUME DECLINE
Is pattern ke dauran, volume gradually decline hota hai. Jab price breakout hota hai, tab volume mein spike aasakta hai.
TRADING STRATEGY
Pehle symmetrical triangle ko identify karna zaroori hai. Yeh pattern tab banta hai jab price high-lows aur low-highs banata hai. Price jab triangle ke kisi ek side se breakout kare, tab trade enter karna chahiye. Breakout ke waqt volume mein increase hona chahiye. Stop loss ko last swing low (for bullish breakout) ya last swing high (for bearish breakout) pe set karna chahiye.
TARGET PRICE AND TAKE PROFIT
Target price ko determine karne ke liye, triangle ke widest part ko measure karke breakout point pe add ya subtract karein. Agar market mein uptrend chal raha ho aur symmetrical triangle pattern ban raha ho, to high chance hai ke breakout upward hoga. Aise mein, jab price upper trendline ko cross kare, to buy signal hota hai. Stop loss ko lower trendline ke thoda niche rakhein aur target price ko widest part ko measure karke set karein.
Symmetrical triangle chart pattern ek reliable tool hai jo traders ko price continuation ya reversal ka indication deta hai. Is pattern ko samajhna aur sahi breakout ka intezar karna trading strategy ka ek aham hissa hai.
BASIC CONCEPT
Symmetrical Triangle Chart Pattern ek technical analysis tool hai jo market mein price consolidation ko show karta hai. Yeh pattern mostly continuation pattern hota hai, matlab yeh trend ke continuation ka indication deta hai.
CHARACTERISTICS OF SYMMETRICAL TRIANGLE
CONVERGING TRENDLINE
Symmetrical triangle mein do trendlines hoti hain: ek upper trendline jo downward sloping hoti hai aur ek lower trendline jo upward sloping hoti hai. Yeh dono trendlines aapas mein converge karti hain.
VOLUME DECLINE
Is pattern ke dauran, volume gradually decline hota hai. Jab price breakout hota hai, tab volume mein spike aasakta hai.
TRADING STRATEGY
Pehle symmetrical triangle ko identify karna zaroori hai. Yeh pattern tab banta hai jab price high-lows aur low-highs banata hai. Price jab triangle ke kisi ek side se breakout kare, tab trade enter karna chahiye. Breakout ke waqt volume mein increase hona chahiye. Stop loss ko last swing low (for bullish breakout) ya last swing high (for bearish breakout) pe set karna chahiye.
TARGET PRICE AND TAKE PROFIT
Target price ko determine karne ke liye, triangle ke widest part ko measure karke breakout point pe add ya subtract karein. Agar market mein uptrend chal raha ho aur symmetrical triangle pattern ban raha ho, to high chance hai ke breakout upward hoga. Aise mein, jab price upper trendline ko cross kare, to buy signal hota hai. Stop loss ko lower trendline ke thoda niche rakhein aur target price ko widest part ko measure karke set karein.
Symmetrical triangle chart pattern ek reliable tool hai jo traders ko price continuation ya reversal ka indication deta hai. Is pattern ko samajhna aur sahi breakout ka intezar karna trading strategy ka ek aham hissa hai.
تبصرہ
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