trade winning strategy with fry pan bottom candlestick pattern

Trade winning strategy with fry pan bottom candlestick pattern

FRY PAN BOTTOM CANDLESTICK PATTERN

BASIC INFO Fry pan bottom candlestick pattern ko Urdu mein "tawa ki dehleez" kehte hain. Yeh ek bullish reversal pattern hai jo kisi stock ya security ke price chart par nazar aata hai. Is pattern mein, ek stock ki price initially down trend mein hoti hai aur phir woh sideways trading range mein enter karti hai. Is phase mein, price ek saath kayi baar support aur resistance levels ko touch karta hai aur overall range mein rehta hai. DETAILS Jab price range ki lower boundary ya support level ko kai baar touch karta hai aur uss level ke around trading hota hai, toh yeh ek fry pan bottom pattern ki shape create karta hai. Yeh shape ek frying pan ki tarah dikhta hai, jis mein ek flat bottom aur slightly rounded sides hoti hain. Jab price range mein bullish reversal ka signal milta hai, toh traders aur investors yeh expect karte hain ke price range ki upper boundary ya resistance level ko break karega aur higher levels par jaayega. TRADING STRATEGY Fry Pan Bottom candlestick pattern ka step-by-step trading strategy ye hai: STEP 1 Sab se pehle, fry pan bottom pattern ko identify karna zaroori hai. Ye pattern bearish trend ke baad hota hai aur ye multiple candlesticks se ban sakta hai. Is pattern me price low pe stabilize hota hai aur phir gradual tareeqe se price increase karta hai. STEP 2 Pattern ko identify karne ke baad, ek bullish confirmation ki talash karni hai. Agar price fry pan bottom pattern ke upar jaata hai aur ek bullish candlestick formation dikhata hai to ye ek confirmation hai. STEP 3 Jab confirmation mil jaaye, buy entry ke liye wait karein. Agar aap swing trader hain to aap ko 2-3 candlesticks ka wait karna hoga, lekin agar aap day trader hain to aap ek se do candlesticks ka wait kar sakte hain. STEP 4 Entry point ke liye, bullish confirmation ke high pe ek buy stop order place karein. Agar price confirmation ke high pe break karta hai, aap ka order execute ho jayega. STEP 5 Stop loss lagana bahut zaroori hai. Stop loss ko low pe place karein, jo ki fry pan bottom pattern ke bottom se ek kuch pips nichle ho. STEP 6 Apna target set karein. Agar aap swing trader hain to aap ko next resistance level tak hold karna chahiye, lekin agar aap day trader hain to aap ko small profit target set karna chahiye. STEP 7 Jab price apna target achieve kar leta hai, ya phir market aap ke against move karne lagta hai, exit kar dein. ADVISE FOR TRADERS Yad rahein ki trading me success ke liye, risk management bahut zaroori hai, is liye stop loss laga kar apne trades ko manage karna na bhoolein. Overall, fry pan bottom candlestick pattern ek strong bullish reversal signal hai, jiski appearance ke baad traders long positions lete hain aur bullish momentum ko follow karte hain.