How to trade with ""Double Top Chart 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 ko acha sa seekh ker kerna bhot zarori ha.

Importance of Chart 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. Chart 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 han, jo trader ko safe trade entry aur trade exit levels ko identify ker k deta ha. Is liye forex trading man trader kisi b currency pair ya commodity ko buy/sell kerna k liye chart patterns per depend kerta ha.

Double Top Candlestick Pattern:

Double Top ak strong bullish trend reversal chart pattern ha, jo currency pairs aur commodities k price chart man long bullish trend k bad resistance level per banta ha, aur pricean decrease ko identify kerta ha. Is pattern man price same levels ki peaks banata ha aur pher price bhot tazi sa fall kerti ha.



Structure and Function:

Double Top Candlestick Pattern man long bullish trend k bad buyers weak howa para hota han, jiski waja sa sellers entry leta han aur price ko kuch level tak nicha le ata han. Lakin buyers dobara price ko same peak tuk le jata han aur is terha price Double Top banati ha lakin buyers price ko hold nahe ker pata aur sellers price ko long down trend man le jata han.

Neckline:

Double Top Candlestick Pattern man dono tops same sa start hota han, ager is start levels ko ak trendline sa jora to is line ko ""Neckline"" kehta han. Double Top Candlestick Pattern per trading k liye Neckline bhot importance rukhti ha, q k is pattern k complete hona per price Neckline ko nicha ki taraf break kerti ha.



Trading with Double Top Candlestick Pattern:

Double Top Candlestick Pattern per secure trading k liye zarori ha k trader is pattern k neckline k breakout kerna k wait kara aur jab price neckline per a ker candle ka close neckline k nicha de da to is sa breakout ki confirmation ho jati ha. Trader ko trade k liye price ka neckline ko re-test kerna bhot zarori ha. Jab price neckline ko re-test ker to trader ko is per ""sell ki trade"" active kerni chaheye.



Stoploss and Take Profit:

Double Top Candlestick Pattern per trading k liye zarori ha k trader stoploss last top k oper place kerna chaheye aur Take Profit ko neckline aur Top k dermiyan distance k baraber nicha place karen.

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Re: How to trade with ""Double Top Chart Pattern"" in forex trading?

WHAT IS DOUBLE TOP CHART PATTERN :





Double top ak bearish reversal pattern ha ya pattern market ka chrat ma uptrend ka top ma banta ha ya pattern market ka top ma do peaks banta ha jasa ka is ka name sa show ho raha ha double top. Ya pattern market ka top ma two peaks ko support level ka top ma banata ha jes ko hum neckline level bhi kahta ha. Jab market strong bullish trend ke traf ja rahe hote ha or market uptrend ke traf move karte hoi ak peak banate ha ya peak resistance level ka near ma bante ha or is peak ka bad market reverse ho kar bearish ke traf ate ha ya reversal ho kar neckline level tak ate ha. Or is neckline level sa market reverse hote ha or dobara sa upward ke traf move hote ha or ak new second peak banate ha ya peak same level par bante ha jes point par first peak bante ha is second peak ka bad market reversal ho kar dobara sa neckline level par a jate ha or ya pattern is neckline level par complete ho jata ha.





IDENTIFY DOUBLE TOP PATTERN :





1: Jab ya pattern market ka chart ma banay ga to is pattern ka bannay sa phalay market uptrend ke traf move ho ge or ya pattern bhi market ka uptrend ma he banay ga. Or ya double top pattern market ka top ma ban ka market ko bearish ke traf reversal ka kam kara ga.

2: Is pattern ma market first peak market ka uptrend ko continue karte hoi market ke price ko upward ke traf la kar jay ge or market ka bullish ka pressure ka batate hoi top ke traf jay ge or market ka top ma ak first peak banay ge or is peak ma jes trha sa market strong movement karte hoi upward ke traf jay ge asa he market strong reverse hote hoi bearish ke traf ay ge or market support level par a kar reverse hona start ho ge or is pattern ke first peak complete ho jay ge.

3: Market is pattern ke second peak banay ka liya support level sa upward ke traf reversal ho ge or is ma market ma dobara sa bullish ka pressure ay ga kr market ak strong movement karte hoi upward ke traf jay ge or market top ma ak new peak banay ge is pattern ke ya second peak ho ge or ya peak hight ma same equal ho ge first peak ka is ka bad market ma dobara sa bearish ka reversal ay ga or market reversal hote hoi support or neckline level par ay ge or is pattern ke second or last peak complete ho jay ge.





TRADING WITH DOUBLE TOP PATTERN :





Is pattern ma traders trade ko enter karna sa phalay is pattern ka complete hona ka wait kara ga or is ke conformation kara ga is pattern ma market ke price jab second peak ko banany ka bad reversal ho kar neckline level par market ay ge to is pattern ke formation complete ho jay ge or is pattern ke conformation tab ho ge jab is ma market ke price break kara ge up sa downward ke traf neckline level ko. Is Double top pattern ma neckline level ka break point sa traders is ma sell ke trade ko enter kara ga q ka is pattern ma market bullish sa reversal ho kar bearish ke traf jay ge or traders is trade ka stop loss ko neckline level ka high ma place kara ga.