hanging man candlestick patterns

Hanging man candlestick patterns

Introduction Aoa dears member i hope you are all fine and earning handsome profit in the forex trading. Today my question about the hanging man candlestick pattern. How they work in the forex trading what is the key feature of hanging man .how to used in forex and get handsome profit. What is hanging man candlestick pattern candle stuck patteren ke bohat wazeh, wazahati naam hain. un ke naam yeh samajhney mein hamari madad karne mein kaar amad hain ke woh kis qisam ke namoonay hain aur hamein chart mein un ko kahan talaash karne ka imkaan hai. is muamlay mein phansi wala aadmi itna hi bura hai jitna usay lagta hai. yeh aik bearish reversal patteren hai. tamam infiradi mom btyon ki taamer ke liye chaar data points ka istemaal kya jata hai. Importance of hanging man Hanging man candlestick woh candlestick pattern hy jo khulay, qareebi, aala aur adna hain. yeh data points jan-nay walay tajir ko belon aur rojhan ke darmiyan jung ki haalat ko wazeh karne mein madad karte hain jo ke market mein hissa lainay walon ki aksariyat hai. candle stuck patteren har waqt ke forum mein zahir ho saktay hain, is misaal mein hum rozana qeemat ke patteren par tawajah markooz karen ge. Working of hanging man candle stuck patteren ke bohat wazeh, wazahati naam hain. un ke naam yeh samajhney mein hamari madad karne mein kaar amad hain ke woh kis qisam ke namoonay hain aur hamein chart mein un ko kahan talaash karne ka imkaan hai. is muamlay mein phansi wala aadmi itna hi bura hai jitna usay lagta hai. yeh aik bearish reversal patteren hai. tamam infiradi mom btyon ki taamer ke liye chaar data points ka istemaal kya jata hai. woh khulay, qareebi, aala aur adna hain. yeh data points jan-nay walay tajir ko belon aur rojhan ke darmiyan jung ki haalat ko wazeh karne mein madad karte hain jo ke market mein hissa lainay walon ki aksariyat hai. candle stuck patteren har waqt ke forum mein zahir ho saktay hain, is misaal mein hum rozana qeemat ke patteren par tawajah markooz karen ge. phansi wala aadmi aik wahid mom batii ki chhari ka namona hai. chunkay yeh aik ulat patteren hai, is liye patteren ke zahir honay se pehlay is ke liye kuch hona zaroori hai. market ke liye yeh zaroori nahi hai ke woh oopar ke rujhan mein ho, lekin patteren ke zahir honay se pehlay qeematon mein qabil shanakht izafah hona chahiye .

WHAT IS THE HANGING MAN? A hanging man candle (aptly named) is a candlestick formation that reveals a sharp increase in selling pressure at the height of an existing uptrend. This is generally brought about by many market participants believing the market has reached its highest level resulting in the ‘bears’ outweighing the ‘bulls’. This can be observed in the GBPUSD chart below where it is clear to see the red candle appearing at the top of the upward trend as a result of mass selling pressure. CHARACTERISTICS OF THE HANGING MAN CANDLE: The hanging man candle is characterized by having a small real body, little or no upper shadow (wick) and a lower shadow at least twice the length of the body. The hanging man can only be identified as such once it has formed at the top of an uptrend. Opening level: The hanging man candle can either be a green candle (bullish), or a red candle (bearish) although, the bearish candle provides a better indication of a weakening market. Upper shadow: A small upper shadow indicates that there was an attempt to maintain the current uptrend before the significant drop in the price of the Pound Sterling. Long lower shadow: This is probably one of the most insightful observations on the candle, depicting a significant sell off before the bulls tried to regains some ground forcing the closing price to end up somewhat closer to opening levels but still down for the period. Closing level: In this case the closing level was below the opening level and therefore, confirms that this is a bearish hanging man candle. IDENTIFYING HANGING MAN CANDLESTICK TRADING SIGNALS The hanging man candlestick can be used to identify a short trade (bearish view of the market) as the long shadow indicates massive selling. The true test of the legitimacy of the hanging man candlestick is often revealed in subsequent activity on the chart. If the following candle moves further down and breaks below the short term upward trend line, this can be seen as a continuation of the downward long term trend. Another possible entry level could be to enter the trade once the market has moved past the low of the hanging man candle. TRADING THE HANGING MAN?