how to trade with ""rising wedge chart pattern"" in forex trading?

Assalamu Alaikum! Dear seniers and juniers, umeed ha k ap sab kheriat sa hon ga.

Forex trading man trader kisi b currency pair ya commodity ko buy/sell kerna k liye technical analysis kerta ha. Technical Analysis man trader market price ko smajhna k liye price chart ko real kerta ha, q price chart patterns man changes, momentum aur price k trend man change ko accuracy k sath identify kerta ha. chart Patterns currency pairs aur commodities k price chart man market price ki movement ko track ker k trader ko market man trade entry aur trade exit levels ko identify ker k deta ha.

Rising Wedge Chart Pattern:

Rising Wedge Chart Pattern ak consolidation pattern ha, jis man price continuously decrease kerti ha. Ye pattern currency pairs aur commodities k price chart man long bullish trend k top per banta ha. Is chart man 10 to 50 candles banti han. Ye pattern ak bullish trend reversal candlestick pattern ha.



How to draw Rising Wedge Chart Pattern?

Rising Wedge Chart Pattern ko draw kerna k liye trader ko price k swing high aur swing low ko trend lines sa jorhna chaheye, dono trend lines aga ja ker kisi point per ak dosra ko lazmi cross kerna chaheye. Is pattern man trend line ko draw kerta howa trader ko kam sa kam two price k swing high ya swing low ko jorh ker draw kerni chaheye.

Is pattern man upper trend line resistance level aur lower trend line support level k tor per work kerti ha. Pattern k complete hona per zarori ha k price support level ko break kara.

Note: Rising Wedge Chart Pattern k valid hona k liye bhot zarori ha k iska dono trend lines ka slope positive hona chaheye.



Trading with Rising Wedge Chart Pattern:

Rising Wedge Chart Pattern per trading k liye zarori ha k trader is pattern k complete hona ka wait kara aur jab price support level k nicha candle ka close de to is sa breakout ki confirmation ho jati ha, lakin secure trade kerna k liye trader ko price ka support level ko re-test kerna ka wait kerna chaheye aur jab price retest kara to retest ki confirmation per trader ko ""sell ki trade"" active kerni chaheye.

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Stoploss and Take Profit:

Rising Wedge Chart Pattern per trading k doran trader ko stoploss price k last swing high per place kerna chaheye aur Take Profit ko is pattern ki first swing k baraber nicha place kerna chaheye.
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Re: How to trade with ""Rising Wedge Chart Pattern"" in forex trading?

Asalam-o-Alekum dear friends, as you know, Forex trading is all over the world famous business, with the participation of almost every country, even if the economy of any country is up or down, we need to pay direct forex market. On the other hand, we have to pay close attention to the economies of each country, which is called Fundamental Analysis. The indicator pays to be known as "Technical Analysis". Today we discuss about (Rising Wedge Chart Pattern).

Rising Wedge Chart Pattern

A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.



Is a rising wedge pattern bullish?

The two forms of the wedge pattern are a rising wedge (which signals a bearish reversal) or a falling wedge (which signals a bullish reversal).

How accurate is rising wedge pattern?

The rising wedge can be one of the most difficult chart patterns to accurately recognize and trade. While it is a consolidation formation, the loss of upside momentum on each successive high gives the pattern its bearish bias. However, the series of higher highs and higher lows keeps the trend inherently bullish.

How do you trade a rising wedge pattern?

Trading the rising wedge: method two

Point at which the price finds resistance at the lower part of the wedge.

Back of the wedge.

Distance between entry (sell order) 1 and take profit 3, same height as back of wedge 2.

Sell order (short entry)

Stop loss.

Take profit.

What happens after a rising wedge?

A rising wedge formed after an uptrend usually leads to a REVERSAL (downtrend) while a rising wedge formed during a downtrend typically results in a CONTINUATION (downtrend). Simply put, a rising wedge leads to a downtrend, which means that it's a bearish chart pattern!