Wick in Forex Trading

Aik shadow ya wick aik line hay Jo Kay candle Stick chart per candle main pai jati hay.Jo Kay dikhati hay Kay stock ki price opening aur closing Kay relative Kahan change hoti hay.Ye shadows dikhatay Hain Kay kin highest aur lowest prices per specific time main security trade hoti hay.



Wicks ko areas of rejection considered kia jata hay.Long lower wick se phlay ye long Bearish Candle hoti hay Jahan Bearish control hotay Hain aur bullish candle Stick Pattern price ko up krne Kay liay pressure bnatay Hain.Prices barhna shiru hoti hay aur phir greater lower shadow banta hay.



Are Wicks Important in the Forex?

Forex price action trading wicks ya Kisi bi market main wicks ko understand krna asan hota hay khas Kay tab jab price action aur order flow ko dakh rae hn.wicks base level rejection per communicate ho jatay Hain lakin wo by nature Kisi rejection ko determine ni krtay.

Aik shadow opening price Kay uper ya phir closing price Kay nichay ban sakta hay.jab candle Kay bottom per long shadow ho ye suggest krta hay Kay buying main increase hua hay.
Trading main analysis ki 2 forms Hain fundamental and technical analysis.Fundamental analysis clues Kay liay company ki performance per base krta hay jab Kay Technical analysis price movement per depend krta hay jis main price action main pattern ko identify kia jata hay jis se further price ki prediction ki jati hay.



Key Takeaways of Wick in Forex

Candlestick chart main wick thin part hay Jo Kay day price action ko represent krtay hain jesa Kay ye high aur low price se different hay.
Shadow ki length aur position traders ko market sentiment ko judge krne main help krti hay.
Kuch technical analysis ka believe hay Kay tall aur long shadow ka Matlab hay stock price per wapis ae ga ya reverse ho ga.

Wick Rejection

Agar market main order flow is level per price ko support na kray to ye isko reject kray ga aur wapis bhej day ga q Kay tamam traders is price ko over valued consider krien gay.Is procedure ko hum Rejection of price action kahtay hain.



Forex Trading main Head and shoulder pattern most powerful consider kia jata hay.Is pattern ko ye Naam dia jata hay q Kay ye aik head aur 2 side shoulders ko represent krta hay.
Aik long wick reversal Kay anay per buyers price ko push krtay hain ye assume kia jata hay Kay previous trend continue kray ga.Lakin Kisi bi waja se session Kay end honay se pehlay sellers push back krien gay jis se early gain khatam ho jatay Hain.

Re: Wick in Forex Trading

A "Wick" in forex trading refers to the thin line that appears above and/or below the body of a candlestick chart. The wick represents the highest and/or lowest price that was reached during the time period represented by the candlestick, but it is not included in the body of the candlestick.The length of the wick can provide valuable information to traders about the strength of price movements and the potential for a reversal. For example, a long wick at the top of a candlestick (also known as a "shooting star" pattern) can indicate that there was significant selling pressure that pushed the price up initially but was then overcome by bearish sentiment. This could signal a potential reversal in the trend.Traders often use candlestick charts and wicks in combination with other technical indicators to make trading decisions. However, it's important to note that no single indicator or chart pattern is foolproof, and traders should always consider multiple factors before making a trade.