Bullish rectangular candle stick pattern

what is Bullish rectangular candle stick pattern:




bullish rectangular candle stick pattern aik aisa candle stick pattern hota hey jes mein price aik bullish breakout kay sath candle stick chart pattern mein aik taraf ya limit mein hote hey yeh chart pattern trend ke continuation or trend ko tabdel kar kay pattern dono kay tor par kam karta hey




identification of rectangular chart pattern




rectangular chart pattern forex market ke halat ko identify karta hey mesal kay tor par es chart pattern kay doran price aik side par he jate hey market time kay sath sath price kay limit kay andar chalte rehte hey forex chart par rectangular noma shape bante hey price pattern 2 highs or 2 lows ko wazah karta hey chart par rectangular noma shape bante hey
chart rectangular pattern par action laynay kay ley aap ko darj zail marahell par amal karna chihay price ka pattern 2 highs or 2 lows par moshtamell hota hey




Breakout with Bullish rectangular candle stick pattern:



forex mein sab say important step jes mein ap ko carefully chack karna chihay kunkeh market fake breakout say full hey bullish candle stick pattern mein body to wick ka ratio zyada hona chihay aik sahi breakout es bat ko wazah karta hey keh dosree taraf ager Doji candle stick or chote breakout candle stick to aap ko bare candle stick ke confirmation kay sath breakout ka wait karna chihay kunkeh chote candle stick ke raftar kam ho sakte hey or basic key level hamesha high momentum kay sath he hota hey





Day trading strategy with rectangular chart pattern




es level par trade karnay kay ley ap forex order open take profit or stop loss ka bhe janen gay
chonkeh aik strategy teen zyada parameter kay sungom say mel kar bante hey hum forex market mein trade ko win karnay kay imkan ko increase karnay kay technical parameter ko shamell kar trade karen gay
yeh woh sungom hotay hein jen ko hum entry stop loss take profit kay ley estamal kar saktay hein bullish rectangular pattern pehlay ka trend hona chihay yeh forex trend kay continuation chart pattern ko wazah karta hey rectangular pattern kay upper resistance zone breakout ke bare bullish candle stick ko wazah karta hey es ka matlab hey price bullish candle stick ko break kar day ge




Buy entry




resistance zone kay breakout kay bad jab price 38 Fibonacci level par wapes aay ge to buy order open ho ga



stop loss



stop loss bullish rectangular pattern kay lower part kay nechay hesay kay nechay rakha jata hey



Take profit level




take profit level pips mein rectangular pattern ke support or resistance kay darmean ka distance hey ab es distance ko bullish rectangular zne kay opar banay

Re: Bullish rectangular candle stick pattern

Bullish rectangle

Rectangles are continuation patterns that occur when a price pauses during a strong trend and temporarily bounces between two parallel levels before the trend continues.
As with many chart patterns, there is a bullish and bearish version.
In this lesson, we will show you how to identify the bullish rectangle and use it as a possible buying opportunity.
How to identify the bullish rectangle

Bullish rectangles are easier to identify than some other patterns such as pennants.
See the price chart below for an example of what a bullish rectangle looks like:

1. Resistance line
2. Support line

As shown above, the price rises in a strong uptrend and then starts to consolidate between temporary support and resistance levels.
It continues to move sideways, bouncing between these two parallel lines and forming a box-like shape that gives the pattern its name.

The price then breaks out above the upper resistance level and continues its uptrend.
How to trade the bullish rectangle: method 1

We will now show you two methods to trade the bullish rectangle pattern.
Enter your trade

As soon as a candlestick has closed above the rectangle's upper parallel line (the resistance level), enter your trade with a long (buy) order.
See the chart below for an example of this:

1. Resistance line
2. Support line
3. Area where price has broken through resistance 1

1. Buy order (long entry)

Place your stop loss

Place your stop loss just underneath the rectangle's lower parallel line (the support level).
See the chart below for an example of this:

1. Resistance line
2. Support line
3. Area where price has broken through resistance 1

1. Buy order (long entry)
2. Stop loss

Place your profit target

Measure the height of the rectangle and then place your profit target the same distance above the top of its upper parallel line.
See the chart below for an example of this:

1. Resistance line
2. Support line
3. Area where price has broken through resistance 1

1. Buy order (long entry)
2. Stop loss
3. Take profit

How to trade the bullish rectangle: method 2

The following is the second method to trading the bullish rectangle.
Enter your trade

As with method 1, wait for a candlestick to close above the upper parallel line, breaking the rectangle's resistance.
Then, wait for the price to retest the upper line – this broken resistance level now turns into a support – and place your buy order
Place your stop loss

Place your stop loss just underneath the rectangle's upper parallel line (the old resistance level that has now turned into a support)
Place your profit target

As with method 1, measure the height of the rectangle and then place your profit target the same distance above the top of its upper parallel line.
Summary

In this lesson, you have learned that ...

• ... bullish rectangles are continuation patterns that occur when a price pauses temporarily during an uptrend – they offer you a buying opportunity.
• ... you enter your long trade after the rectangle's upper resistance level has been broken or, in the case of method 2, after it has been broken and then retested.
• ... you place your stop loss below the rectangle's lower support line or, in the case of method 2, under the higher parallel line once it has turned into a support.
• ... you place your profit target the same distance above the rectangle's upper resistance level as the distance between the rectangle's two parallel lines.