Trade winning strategy using Bullish Abandoned Baby Candlestick Pattern

Trade winning strategy using Bullish Abandoned Baby Candlestick Pattern

TRADING STRATEGY BULLISH ABANDONED BABY CANDLESTICK PATTERN Introduction Bullish Abandoned Baby candlestick pattern aik ahem technical analysis tool hai jo traders aur investors ko market mein potential reversals ka pata lagane mein madad karta hai. Ye pattern typically downtrend ki akhri candle hoti hai jo ek bullish candle ke baad aur ek doji candle se shuroo hoti hai. Trading Strategy Is post mein hum iss pattern ki step-by-step trading strategy ko samjhenge. Step 1: Candlestick Formation Sabse pehle, hume market chart analyze karke downtrend ka pata lagana hai. Downtrend mein price continuously niche ja rahi hoti hai. Jab price ka downtrend akhri candle hoti hai, tab ye pattern form hota hai. Yehi candle Bullish Abandoned Baby candle hai. Step 2: Downtrend Ki Confirmation Downtrend ki confirmation ke liye, hume dekhna hai ki pehle wale bearish candle ke baad ek doji candle hai. Doji candle aisi hoti hai jismein opening price aur closing price almost same hote hain. Doji candle indicate karta hai ki market indecision mein hai aur trend change hone ki possibility hai. Step 3: Bullish Candle Formation Doji candle ke baad, ek bullish candle form hoti hai. Is candle mein price niche se upar move karti hai aur closing price opening price se zyada hoti hai. Ye bullish candle market mein buyers ki strength ko indicate karti hai. Step 4: Volume Ki Confirmation Volume ki confirmation ke liye, hume dekhna hai ki Bullish Abandoned Baby pattern formation ke samay volume kaisa hai. Agar volume normal ya phir increase hui hai, toh ye pattern ki validity aur strength ko confirm karta hai. High volume bullish candle ke saath trend reversal ka strong signal hai. Step 5: Entry Point Entry point ko determine karne ke liye, hume ek confirmation candle ka wait karna chahiye. Confirmation candle bullish candle ke upar close honi chahiye. Agar confirmation candle bullish candle ka high level ko break karke close karti hai, toh entry point generate hota hai. Step 6: Stop Loss Aur Target Stop loss aur target levels ko set karna trading strategy ka zaroori hissa hai. Stop loss ko pehle wale bearish candle ke high level ke just above place kiya jata hai. Target level ko set karne ke liye, hume pehle wale bullish candle ke high level ko dekhna hai ya phir previous resistance level ko consider kar sakte hain. Step 7: Risk Management Har trading strategy mein risk management ka dhyan rakhna zaroori hai. Apne risk tolerance ke according position size ko set karna chahiye. Risk reward ratio ko maintain karke trade karna important hai. Step 8: Monitor Aur Exit Position trade enter karne ke baad, market ko monitor karte rehna zaroori hai. Agar price expected direction mein move kar rahi hai, toh target level ko achieve karne ke baad position ko exit kar sakte hain. Agar price opposite direction mein move karti hai, toh stop loss level pe position close kar dena chahiye. Summary Bullish Abandoned Baby pattern reliable candlestick pattern hai, lekin iska success rate 100% nahi hota. Isliye, is pattern ke saath aur technical indicators ke saath bhi market ko analyze karna important hai. Traders ko apne trading plan aur strategy ko follow karna chahiye aur discipline maintain karna chahiye. Risk management ko prioritize karna aur market mein jankari aur experience ko improve karna bhi zaroori hai.