types of star candlestick pattern in forex trading.

Types of star candlestick pattern in forex trading.

Asalamualikum dear members hope you all are fine and doing well on forex trading.dear members aaj hm apni post mein star candlestick pattern ke types k bary mein knowledge share krein gy. Star candlestick pattern : Dear members forex market me star Candlestick pattern ek most important pattern ha. Apny daikha hoga k jb tk hum Candlestick pattern ko study na kr len tb tk hum trade open ni ke skty. Is liye Candlestick pattern ka knowledge most important hota ha market. Star Candlestick Pattern ki mazeed two types hoti hain. Types of star candlestick pattern : Dear members forex market mein star Candlestick pattern ki two types hoti hain. 1. Morning star candlestick pattern 2. Evening star candlestick pattern 1:Morning star candlestick pattern : Dear members forex market me morning star Candlestick pattern me sb de pehly ek long bearish candle bnti ha. Usky bad gap-down me ek small candle bnti ha. Jisko star candle kehty hn. Star candle bullish b ho skti ha r bearish b.. star candle me ek gap-up pe ek long bullish candle bnti ha. Teeno candles k dono side pe small shadows hoti hn. Is trah ki agr candle 1 long downtrend k bad bny to isko techincal rules k mutabiq Bullish consider kis jta ha. Yani morning star Candlestick pattern ek bullish reversal pattern ha. Evening star candlestick pattern : Dear members forex market me evening star Candlestick pattern me sb sy pehly ek long bullish candle bnti ha. Us k bad ek gap-up pr ek small candle bnti ha. Jis ko star candle kehty hn. Star candlestick bullish r bearish dono ho skti hn. Star candle k gap-down me ek long Bearish candle bnti ha. In three candles k dono side py shadow hoti hy . Agr is trah ki candle ek long up-trend k bd to es ko technical Analysis tool k mutabiq bearish consider kia jta hy. Iska mtlb ha k evening star Candlestick pattern ek bearish reversal pattern hy. Conclusion : Dear members forex market me ek trend change hony ya reverse hony sy ap ki trade loss sy profit sy loss mein check convert ho skti hy. Es sy ap ko trend k reverse hony mein bht careful honi chaheay. Agr ap trading star Candlestick pattern k mutabiq krty hain to ap apna loss ksi had tk km kr skty hain. Is sy forex trading ka b pattern esy he nai hy hr pattern important to hmain es patterns ko study krna chaheay tbi hm es mein acha profit earn kr skty hain.or account ko b save rkh skty Hain.

Candlestick patterns, also known as candlestick formations, are visual representations of the price movements in the Forex market. These patterns are created by the combination of the open, high, low and close prices of a certain trading period. Candlestick patterns are widely used by traders to predict future price movements and to identify potential trading opportunities. There are different types of candlestick patterns, some of which are open, high, low, and close prices of an asset during a specific time period. There are many different types of candlestick patterns that are used by Forex traders in order to analyze market trends, identify potential reversals, and make informed trading decisions. Here are some of the most commonly used candlestick pattern types: 1. Doji: This pattern occurs when the open and close prices are the same or very similar, creating a small or non-existent body. It indicates indecision in the market. 2. Hammer and Hanging Man: These patterns both consist of a small body and a long lower shadow. The hammer appears during a downtrend and its presence suggests a potential reversal to an uptrend. The hanging man appears during an uptrend and signals a potential reversal to a downtrend. 3. Engulfing: This pattern occurs when a small candlestick is followed by a larger one in the opposite direction. It signifies a reversal of the prevailing trend. 4. Harami: In this pattern, a small candlestick is followed by a larger one, but unlike the engulfing pattern, the second candlestick is in the same direction as the first. It suggests a potential trend reversal but is not as strong a signal as the engulfing pattern. 5. Shooting Star and Inverted Hammer: These patterns both consist of a small body and a long upper shadow. The shooting star appears during an uptrend and can indicate a potential reversal to a downtrend. The inverted hammer appears during a downtrend and suggests a potential reversal to an uptrend. There are many other candlestick patterns, each with its own unique interpretation and significance in the Forex market. Traders should familiarize themselves with these patterns in order to make informed trading decisions.