Trading strategy for Bullish Butterfly candlestick pattern

Trading strategy for Bullish Butterfly candlestick pattern

BULLISH BUTTERFLY CANDLESTICK PATTERN

INTRODUCTION Bullish Butterfly candlestick pattern ek bullish reversal pattern hai, jismein price pehle se down trend mein hoti hai aur phir ek bearish move ke baad price ek bullish move shuru karta hai. Is pattern ko recognize karne ke liye, aapko do candlesticks ki zaroorat hoti hai. IDENTIFICATION Pehli candlestick bearish hoti hai aur doosri candlestick bullish hoti hai. Doosri candlestick ki body choti hoti hai aur shadow badi hoti hai. Is shadow ka size pehli candlestick ki body se kam se kam 2 ya 3 guna zyada hota hai. TIP FOR TRADERS Bullish Butterfly pattern ka use price ki direction ko predict karne ke liye kiya jata hai. Agar aap is pattern ko identify kar lete hain toh aapko ek bullish move ka signal milta hai aur aap buy kar sakte hain. Stop loss ko set karne ke liye, aap is pattern ke bottom wale point ke neeche stop loss lagayen. Is pattern ke upar trade karte waqt, ek aur baat ka dhyan rakhein ki ye ek reversal pattern hai, iska matlab hai ki ye price ke trend ke badalne ka signal deta hai. Isliye, aapko price ki direction ko achhe se samajhna chahiye aur pattern ko sahi tarah se recognize karna chahiye, tabhi aap isko effectively use kar sakte hain. TRADING STRATEGY Bullish Butterfly Candlestick Pattern, jo kay aik bullish trend reversal pattern hai, ko follow kar kay aap step by step trading strategy apna saktay hain. Is strategy ko aap is tarah follow kar saktay hain: STEP 1 Pehlay, apko market ki analysis karni hogi aur bullish butterfly pattern ki identification karni hogi. Ye pattern market ki uptrend kay end per hota hai. STEP 2 Jab ap is pattern ki identification kar lain, tou aap ko kisi bhi trading platform kay through trade entry kay liye wait karna hoga. Aap ko ye dekhna hoga kay pattern confirm ho jaye, jaisay kay next candlestick ka open price current pattern ki upper side per ho. STEP 3 Entry point kay baad, apni stop loss order ko set karain. Ye apko apni trade kay risk ko manage karnay mein help karega. Stop loss order apko neechay set karna hoga, below the low of the butterfly pattern. STEP 4 Ab aap apni profit targets set kar saktay hain. Agar aap short term trader hain tou aap apni targets kay liye nearest resistance level ko dekh saktay hain. Agar aap long term trader hain tou aap ko apnay targets ko long term chart kay hisaab say set karna chahiyay. STEP 5 Jab aap ka target achieve ho jaye, tou aap apni trade ko close kar saktay hain. STEP 6 Agar market apki expected direction mein move na kartay huay reverse hony lag jaye tou, tou aap apnay stop loss order ko adjust kar saktay hain. SUMMARY: Bullish Butterfly candlestick pattern ek bullish reversal pattern hai. Is pattern ko recognize karne ke liye do candlesticks ki zaroorat hoti hai, jismein pehli candlestick bearish hoti hai aur doosri candlestick bullish hoti hai. Doosri candlestick ki body choti hoti hai aur shadow badi hoti hai. Is shadow ka size pehli candlestick ki body se kam se kam 2 ya 3 guna zyada hota hai. Is pattern ka use price ki direction ko predict karne ke liye kiya jata hai, aur ek bullish move ka signal milta hai. Stop loss ko set karne ke liye, aap is pattern ke bottom wale point ke neeche stop loss lagayen.