Double top candle in forex trading
Assalam alaikum dear members!umeed ha ap sb khairait se hn gy or apki trading bhht achi jaa rahi ho ge.
dear members aj ki post ka topic ha double top chart pattern or hum aj esko study karen gy or esko trade karny ka tareka bhi dekhen gy.
What is double top chart pattern?
Dear members double top chart pattern aik bearish reversal chart pattern ha mtlb k ye pattern bn jay to es k bad market bearish hoti ha.
or ye pattern bullish trend k end main bnta ha or us k bad bearish trend start hota ha.
How it is formed?
dear members jb market up trend main hoti ha to market kafi opr jaa k aik resistance se takrati ha or apna high bnati ha js k bad wapis ati ha market thora sa retrace ho kr or aik support se takra kar wapis opr previous resistance se tkrati hanor wps ati ha.
es trha opr wali resistance ko market 2 bar touch karti ha or esi ko double top kha jata ha.
Neckline:
dear members jb market apni phli top bna k js support ki trf ati ha or wapis apni previous resistance ki trf jati ha to es support line ko neckline kaha jara ha.
Breakout of neckline:
Dear members double top chart pattern main trade karny k lye hamen pattern k complete hony or neckline k breakout ka wait karna chahye.
neckline ka breakout tb hota ha jb market double top pattern ki neckline ko cross kr k es k nechy jati ha or js time frame main ye pattern bnta ha usi time frame main market neckline k nechy candle close kary ye breakout ki confirmation hoti ha or es k bad hum sell ki trade le skty hain.
or es main hmara stop loss neckline se thora opr ho ga jb k profit tarhet top se neckline ki height k equal nechy ki taraf ho ga.
dear members aj ki post ka topic ha double top chart pattern or hum aj esko study karen gy or esko trade karny ka tareka bhi dekhen gy.
What is double top chart pattern?
Dear members double top chart pattern aik bearish reversal chart pattern ha mtlb k ye pattern bn jay to es k bad market bearish hoti ha.
or ye pattern bullish trend k end main bnta ha or us k bad bearish trend start hota ha.
How it is formed?
dear members jb market up trend main hoti ha to market kafi opr jaa k aik resistance se takrati ha or apna high bnati ha js k bad wapis ati ha market thora sa retrace ho kr or aik support se takra kar wapis opr previous resistance se tkrati hanor wps ati ha.
es trha opr wali resistance ko market 2 bar touch karti ha or esi ko double top kha jata ha.
Neckline:
dear members jb market apni phli top bna k js support ki trf ati ha or wapis apni previous resistance ki trf jati ha to es support line ko neckline kaha jara ha.
Breakout of neckline:
Dear members double top chart pattern main trade karny k lye hamen pattern k complete hony or neckline k breakout ka wait karna chahye.
neckline ka breakout tb hota ha jb market double top pattern ki neckline ko cross kr k es k nechy jati ha or js time frame main ye pattern bnta ha usi time frame main market neckline k nechy candle close kary ye breakout ki confirmation hoti ha or es k bad hum sell ki trade le skty hain.
or es main hmara stop loss neckline se thora opr ho ga jb k profit tarhet top se neckline ki height k equal nechy ki taraf ho ga.