Trade winning strategy using fakey candlestick pattern

Trade winning strategy using fakey candlestick pattern

FAKEY CANDLESTICK PATTERN

INTRODUCTION Fakey Candlestick pattern ek popular price action trading pattern hai jo market trends ko identify karne ke liye istemal kiya jata hai. Yeh pattern price action charts par dekhe jane wale "candles" par based hota hai. Fakey pattern ka matlab hota hai "fake-out" yani ki jaise hi market ek direction mein move hone lagta hai, woh dobara se wapas aakar apni original direction mein move karta hai. Yeh pattern typically 2-3 candles ki sequence mein dikhta hai, jismein pehli candle ki range ki andar hi doosri candle form hoti hai. Tisri candle ki range doosri candle ki range se bahar nikalti hai aur yeh range breakout signal deta hai. IDENTIFICATION Fakey pattern ko identify karne ke liye, trader ko kuchh simple steps follow karne hote hain: STEP 1 Pehle, trader ko current trend ko identify karna hota hai. Agar trend bullish hai, toh trader fakey pattern ka "bearish" version ko dekhna chahega. Aur agar trend bearish hai, toh trader fakey pattern ka "bullish" version ko dekhna chahega. STEP 2 Dusre step mein, trader ko ek inside bar dekhna hoga. Inside bar ki range pehli candle ki range ki andar honi chahiye. Agar inside bar ki range bahar nikalti hai, toh woh fakey pattern ka first part hai. STEP 3 Tisre step mein, trader ko price action ki direction ko observe karna hota hai. Agar price action inside bar ki range ke bahar move karta hai, aur phir wapas andar aa jata hai, toh yeh fakey pattern ka final part hai. STEP 4 Yadi tisri candle ki range doosri candle ki range se bahar nikalti hai, toh yeh ek range breakout signal deta hai aur fakey pattern confirm ho jata hai. TRADING STRATEGY Fakey Candlestick Pattern ek trading strategy hai jo traders use karte hain market ki direction ka pata lagane ke liye. Is pattern me, ek candlestick formation hoti hai jismein price initially ek direction me move karta hai, phir reverses karke opposite direction me move karta hai. Is reversal ko false breakout bhi kaha jata hai. Jab price fakey pattern banata hai, traders ko kisi bhi direction me trade karne se pehle wait karna chahiye, kyunki ye price ke reversal ko indicate karta hai aur future price movement ke liye clue deta hai. Agar price ek resistance level ko cross karke upar ja raha hai aur phir se down jata hai, to ye ek bearish fakey pattern hai aur trader ko sell karne ki indication deta hai. Similarly, agar price support level ko break karke niche ja raha hai aur phir se upar ja raha hai, to ye ek bullish fakey pattern hai aur trader ko buy karne ki indication deta hai. Fakey Candlestick Pattern ki trading strategy me, traders stop loss ko tight rakhte hain aur target price ko kuch higher ya lower set karte hain, depending on the direction of the trade. Ye ek effective trading strategy hai, lekin iske liye traders ko market ki movement aur price action ko carefully observe karna chahiye. CONCLUSION Fakey pattern ka use karke traders market ki direction ko predict kar sakte hain aur trading decisions le sakte hain. Agar fakey pattern bullish hai, toh traders long positions le sakte hain aur agar fakey pattern bearish hai, toh traders short positions le sakte hain. Fakey pattern ka use karne se pehle, traders ko market trends aur price action ki basic understanding honi chahiye.