hammer candlestick pattern in forex trading.

Hammer Candlestick Pattern in forex Trading.

Hammer Candlestick Pattern Introduction. Hammer Candlestick Pattern,aik Japanese candlestick pattern hai. Yeh pattern jab market analysis mein istemal kiya jata hai,Hammer pattern ko trader aur investors istemal karte hain taaki wo market ka trend samajh sakein aur sahi samay par trade kar sakein.Hammer Candlestick Pattern, market analysis mein important ek candlestick pattern hai. Is pattern ki shape aur structure ek hammer ki tarah hoti hai. Hammer pattern bullish reversal signal deta hai aur support level ko represent karta hai. Iski confirmation ke liye traders aur investors dusre technical indicators aur patterns ka istemal karte hain. Hammer pattern ka istemal karke traders aur investors trading strategies follow karte hain, jisse wo market trend ko samajh sakte hain aur profitable trades kar sakte hain. Hammer Candlestick Pattern. Hammer Candlestick Pattern, ek single candlestick pattern hai, jiski shape aur structure ek hammer ki tarah hoti hai. Yeh pattern normally downside trend ke baad market mein dikhta hai aur bullish reversal ki indication deta hai. Is pattern mein candle ki body chhoti hoti hai aur upper shadow badi hoti hai, jisse hammer ki shape ban jati hai. Components of Hammer Candlestick Pattern. Hammer pattern ke kuch important components hote hain jo isko identify karne mein madad karte hain aur who mandarja zail hain. Body: Hammer pattern mein candle ki body chhoti hoti hai aur iski color koi bhi ho sakti hai. Body bullish ya bearish candle ho sakti hai. Upper Shadow: Hammer pattern ki upper shadow candle ki body se bahut badi hoti hai. Upper shadow bullish ya bearish trend ke hisab se upar ki taraf extend hoti hai. Lower Shadow: Hammer pattern mein lower shadow ya tail ki length short hoti hai ya bilkul na hoti hai. Lower shadow neeche ki taraf extend nahi hoti. Interpreting Hammer Candlestick Pattern. Reversal Signal: Hammer pattern market mein downtrend ke baad bullish reversal signal deta hai. Jab hammer pattern form hota hai, toh yeh indicate karta hai ki selling pressure kam ho rahi hai aur buyers market mein dominate kar rahe hain. Support Level: Hammer pattern ki body support level ko represent karti hai. Agar hammer pattern near support level form hota hai, toh yeh strong bullish signal ho sakta hai. Confirmation: Ek single hammer candlestick pattern ki confirmation ke liye traders aur investors doosre technical indicators aur patterns ka istemal karte hain. Yeh confirmation ke liye MACD, RSI, aur doji pattern jaise tools use kiye ja sakte hain.Trading Strategies using Hammer Candlestick Pattern: Hammer Candlestick Pattern ka istemal karke traders aur investors kuch trading strategies follow karte hain: Bullish Reversal Trade: Jab hammer pattern market mein form ho jaye, toh traders long position lete hain, yani buy karte hain. Stop loss niche set kiya jata hai aur target price resistance level par rakha jata hai. Combined with Other Indicators: Hammer pattern single candlestick hai, isliye iski confirmation ke liye dusre technical indicators aur patterns ka istemal karna zaroori hota hai. MACD, RSI, aur doji pattern jaise tools ka upyog karke traders aur investors hammer pattern ki validity ko confirm karte hain.

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Hammer Candle

Hammer candle price chart par uss waqat banta hai, jab bhi prices aik timeframe k dowran bearish ya downward jane k baad support level ko touch karti hai, lekin candle k ikhtetam par prices wapis bullish ja kar aik small real body banati hai. Ye candle prices k bottom main bearish trend k dowran banti hai, jiss k lower side par long shadow ya saya hota hai. Jab bhi bears market ko nechay ki taraf push karte hen, lekin high demand ki waja se jab wo aisa karne main nakam rehte hen, to uss sorat main aik hammer candle create hoti hai.

Candles Formation

Hammer candle aik single pattern candle hai, iss waja se ye candle dono color ya pattern main ho sakti hai. Ye candle prices k bearish trend main banne par market k bullish trend reversal ka sabab banti hai. Candle ki tafseel darjazeel hai: Hammer Candle: Hammer candle low prices ya bearish trend main banta hai, lekin bullish trend reversal honne ki waja se ye candle aik bullish candle shumar ki jati hai. Ye candle aik small real body main hoti hai, jiss k lower side par aik long shadow hota hai, jo k real body ka taqreeban dugna banta hai.

Explaination

Hammer candle price chart par high demand banne ki sorat main banti hai, jab bhi prices bearish trend ko mazeed downward side par reject karti hai. Ye candle aik muntakhib karda timeframe main pehle bearish jata hai, jo sabeqa bearish trend ki alamat hoti hai, jab k baad main assets ki demand main izzafa hone ki waja se prices wapis bullish move kar jati hai, jiss se ye candle aik small real body k sath close ho jati hai. Candle k lower side par aik lamba shadow ban jata hai. Candle ka lamba saya ya shadow prices k trend reversal ki alamat hoti hai, jo aik new bullish trend ka aghaz karti hai.

Trading

Hammer candle price chart k bottom ya bearish trend main hone ki waja se aik bullish signal deti hai. Candle k baad next bullish candle ka hona zarori hai, jiss se prices k trend reversal ki confirmation ho jati hai, jab k bullish candle ka hammer candle k baad upside par bhi close hona chaheye. Trend confirmation indicator se karna ho to RSI, CCI indicators aur stochastic oscillator par value oversold zone main hona chaheye. Lekin agar confirmation candle aik bearish candle banti hai, to market main entry nahi karni chaheye. Hammer candle par buy ka trade open hoga, jab k Stop Loss candle k sab se lower position ya support level se two pips below set karen.