How to trade with ""Matching High Candlestick Pattern"" in forex trading?

Assalamu Alaikum! Dear seniers and juniers, umeed ha k ap sab kheriat sa hon ga aur forex market sa daily basis per ak acha gain le raha hon ga. Dear traders forex trading ak risky business ha is man traders ko bhot losses hota han. Isliye forex trading man trader kisi b currency pair ya commodity ko buy/sell kerna k liye candlestick patterns per depend kerta ha.

Importance of Candlestick Patterns:

Forex trading man trader currency pairs aur commodities ki price movements ko smajhna k liye price chart ko read kerta ha. Q k price chart patterns man changes, momentum aur price k trend man change ko accuracy k sath identify kerta ha. Candlestick patterns currency pairs aur commodities k price chart man market price ki movement ko track kerna k liye use hona wala most important technical tool ha. Forex trading man trader kisi b currency pair ya commodity ko buy/sell kerna k liye candlestick patterns per depend kerta ha.

Matching High Candlestick Pattern:

Matching High Candlestick Pattern ak bearish trend reversal candlestick pattern ha, jo currency pairs aur commodities k price chart man long bullish trend k top per banta ha. Is pattern two bullish candles same high banati han.

Identification of Matching High Candlestick Pattern in Price Chart:

Matching High Candlestick Pattern two candles per moshtamil ak bearish candlestick pattern ha, jo currency pairs aur commodities k price chart man resistance level per banta ha.

1. Is pattern man first candle Day-1 ki long real body ki bullish Murobuzu Candlestick banti ha.

2. Is pattern man second candle Day-2 ki normal real body ki bullish candle banti ha jo first candle ki real body man sa open ho ker first candle k close k taqreban same level per close hona chaheye aur iska high first candle k high k same level per b hona chaheye.

3. Is pattern man third candle Day-3 ki long real body ki bearish candle banti ha, jo second candle ki low k sath gap-down man open hoti ha aur iska close first candle ki low k nicha hona chaheye.

Trading with Matching High Candlestick Pattern:

Matching High Candlestick Pattern per trading k liye zarori ha k trader is pattern k complete hona ka wait kara aur jab ye pattern complete ho jae to new candle k open per trader ko ""sell ki trade"" active kerni chaheye.

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Stoploss and Take Profit:

Matching High Candlestick Pattern per trading k doran trader ko stoploss ko is pattern ki first candle k high per place karen aur Take Profit ko next support levels per Tp-1, Tp-2 aur Tp-3 ker k place karen.
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Re: How to trade with ""Matching High Candlestick Pattern"" in forex trading?

Assalamu Alaikum Dosto!

Matching High Candlesticks Pattern

Matching high candlestick pattern two days candles ka aik bearish trend reversal hai, jiss main shamil dono candles same resistance ya top levels ko touch karti hai, lekin uss se ooper breakout nahi karti hai. Iss pattern ki aik khas baat ye hai k iss main shamil dono candles ka higher ya top same price ya level par hota hai. Matching high candlestick pattern main buyers market ko khas position tak ooper le kar jati hai, jahan par sellers active ho kar prices ko wapis downward push karti hai. Ye pattern prices k top main banne wale tweezers top candlestick chart pattern se melta julta hai.

Candles Formation

Matching high candlestick pattern prices k top ya bullish trend main uss waqat banata hai, jahan par buyers market main mazeed dilchaspi ka muzahira nahi karte hen, jiss se prices bearish trend reversal ko follow karna shoro karti hai. Pattern k top main banne wale iss pattern ki candles ki formation darjazel tarah se hoti hai;



1. First Candle: Tweezers top candlestick pattern ki pehli candle aik bullish candle hoti hai, aur iss ki main reason ye hai, k prices k pehle se market trend bullish ya uptrend hota hai. Ye candle market k prices ko ooper ki taraf push karne ki koshash karti hai.

2. Second Candle: Matching high candlestick pattern ki dosri candle bhi same bullish candle hoti hai, jo k trend reversal ka sabab banti hai. Ye candle same pehli bullish candle k close price par close hoti hai, ya iss candle ka low pehli candle k low k in-line hoti hai.

Explanation

Matching high candlestick pattern price chart pattern main bullish trend k dowran sab se top position ya resistance level par banta hai, jahan se prices trend reversal ho jati hai. Pattern do candles par mushtamil hota hai, jiss ki ki pehli candle aik bullish candle hoti hai. Bullish candle aik real body main banti hai, jo k prices ko ooper ki taraf push karti hai. Pattern ki dosri candle bhi same bullish candle hoti hai, jo same pehli candle k close price ki bajaye downward open ho kar bullish real body k sath same pehli candle k close price par close hoti hai. Pattern ki dono candles same resistance level banati hai, jahan se prices rebound hoti hai.

Trading

Matching high candlestick pattern market main current trend k bar-aks bearish signal deta hai, jiss par sell ki entry hoti hai. Ye pattern prices ko ooper satah se rebound hone ki peshangoy karta hai. Pattern par trade enter karne se pehle aik confirmation candle ka hona zarori hai, jo k real body main bearish honi chaheye aur dosri candle k bottom par close honi chaheye. Pattern ki confirmation CCI, RSI, MACD indicator aur stochastic oscillator se bhi ki ja sakti hai, jiss par value overbought zone main honi chaheye. Jab k pattern k baad bullish candle banne par ye pattern in-valid ho jayega. Stop Loss pattern k sab se top ya dono candles k resistance level se two pips above set karen.