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 90% traders ko loss hota ha. Isliye forex trading ko seekh kerna chaheye.
Importance of Chart Patterns in forex trading:
Forex trading man trader ko kisi b currency pair ya commodity ko buy/sell kerna k liye technical analysis kerna chaheye. Technical Analysis man trader market price 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. Chart Patterns currency pairs aur commodities k price chart man market price ki movement ko track ker k trader ko safe trade entry aur trade exit levels ko identify ker k deta ha.
Symmetrical Triangle Chart Pattern:
Symmetrical Triangle Chart Pattern ak consolidation chart pattern ha, jis man price ki movement man continuosly decrease ata ha aur iska pattern k complete hona per price is pattern ko trend ki direction man ya trend ki direction k opposite man break kerti ha. Is pattern man 20 to 80 candles banti han.
How to draw Symmetrical Triangle Chart Pattern?
Symmetrical Triangle Chart Pattern ko draw kerna k liye trader ko price k swing high aur swing low ko jorh ker two trendlines draw kerta ha, dono trend lines ak dosra ko cross kerni chaheye aur dono trend lines man upper trend line negative sloped aur lower trend line ko positive sloped honi chaheye. Is pattern man upper trend line resistance level aur lower trend line support level consider ki jati ha. Is pattern k complete hona per price resistance level ya support level ko break kerti ha.
Trading with Symmetrical Triangle Chart Pattern:
Symmetrical Triangle Chart Pattern per trading k liye zarori ha k trader is pattern k complete hona ka wait kara aur jab price support/resistance level k oper candle ka close de to is sa breakout ki confirmation ho jati ha.
i. When Price Break Resistance Level:
Jab price resistance level ko break kara aur break kerna k bad resistance level ko re-test kerna ka wait kerna chaheye aur jab re-test ki confirmation ho jae to trader ko ""buy ki trade"" active kerni chaheye.
Stoploss and Take Profit:
Oper wali condition man trader ko stoploss price k last swing low k nicha place kerna chaheye aur Take Profit ko is pattern k first swing k baraber oper place karen.
ii. When Price Break Support Level:
Jab price support level ko break kara aur break kerna k bad support level ko re-test kerna ka wait kerna chaheye aur jab re-test ki confirmation ho jae to trader ko ""sell ki trade"" active kerni chaheye.
Stoploss and Take Profit:
Oper wali condition man trader ko stoploss price k last swing high k nicha place kerna chaheye aur Take Profit ko is pattern k first swing k baraber nicha place karen.
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Importance of Chart Patterns in forex trading:
Forex trading man trader ko kisi b currency pair ya commodity ko buy/sell kerna k liye technical analysis kerna chaheye. Technical Analysis man trader market price 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. Chart Patterns currency pairs aur commodities k price chart man market price ki movement ko track ker k trader ko safe trade entry aur trade exit levels ko identify ker k deta ha.
Symmetrical Triangle Chart Pattern:
Symmetrical Triangle Chart Pattern ak consolidation chart pattern ha, jis man price ki movement man continuosly decrease ata ha aur iska pattern k complete hona per price is pattern ko trend ki direction man ya trend ki direction k opposite man break kerti ha. Is pattern man 20 to 80 candles banti han.
How to draw Symmetrical Triangle Chart Pattern?
Symmetrical Triangle Chart Pattern ko draw kerna k liye trader ko price k swing high aur swing low ko jorh ker two trendlines draw kerta ha, dono trend lines ak dosra ko cross kerni chaheye aur dono trend lines man upper trend line negative sloped aur lower trend line ko positive sloped honi chaheye. Is pattern man upper trend line resistance level aur lower trend line support level consider ki jati ha. Is pattern k complete hona per price resistance level ya support level ko break kerti ha.
Trading with Symmetrical Triangle Chart Pattern:
Symmetrical Triangle Chart Pattern per trading k liye zarori ha k trader is pattern k complete hona ka wait kara aur jab price support/resistance level k oper candle ka close de to is sa breakout ki confirmation ho jati ha.
i. When Price Break Resistance Level:
Jab price resistance level ko break kara aur break kerna k bad resistance level ko re-test kerna ka wait kerna chaheye aur jab re-test ki confirmation ho jae to trader ko ""buy ki trade"" active kerni chaheye.
Stoploss and Take Profit:
Oper wali condition man trader ko stoploss price k last swing low k nicha place kerna chaheye aur Take Profit ko is pattern k first swing k baraber oper place karen.
ii. When Price Break Support Level:
Jab price support level ko break kara aur break kerna k bad support level ko re-test kerna ka wait kerna chaheye aur jab re-test ki confirmation ho jae to trader ko ""sell ki trade"" active kerni chaheye.
Stoploss and Take Profit:
Oper wali condition man trader ko stoploss price k last swing high k nicha place kerna chaheye aur Take Profit ko is pattern k first swing k baraber nicha place karen.
...