Trade winning strategy using Bearish Butterfly candlestick pattern

Trade winning strategy using Bearish Butterfly candlestick pattern

TRADING STRATEGY USING BEARISH BUTTERFLY CANDLESTICK PATTERN IN FOREX TRADING

Introduction Bearish Butterfly candlestick pattern, aik candlestick chart pattern hai jo bearish trend ka signal deta hai. Is pattern ki pehchaan aapko yeh karni hoti hai ke 5 specific candles ka formation chart par ho. Yeh pattern price movement ki prediction aur trading ke liye istemal hota hai. Trading Strategy Chaliye, bearish butterfly candlestick pattern ki step-wise trading strategy ko samjhein: Step 1: Pehli Candle (Candle A): Pattern ki shuruaat hoti hai ek strong bullish candle se. Is candle ki body normal se lambi hoti hai aur iska closing price open price se ziada hota hai. Yeh candle existing uptrend ki continuation ko represent karta hai. Step 2: Dusri Candle (Candle B): Candle A ke baad, ek doji ya spinning top candle (jo bodyless hoti hai) hoti hai jiska closing price Candle A ki closing price ke qareeb hota hai. Yeh candle indecision aur reversal ka signal deta hai. Step 3: Teesri Candle (Candle C): Candle B ke baad, ek strong bearish candle hoti hai jiska closing price Candle B ke opening price ke nichay hota hai. Yeh candle uptrend ki weakness aur selling pressure ko dikhata hai. Step 4: Chouthi Candle (Candle D): Candle C ke baad, ek doji ya spinning top candle hoti hai jiska closing price Candle C ki closing price ke qareeb hota hai. Yeh candle bhi indecision aur possible reversal ka signal deta hai. Step 5: Paanchvi Candle (Candle E): Candle D ke baad, ek strong bearish candle hoti hai jiska opening price Candle D ki opening price ke qareeb hota hai. Is candle ki body Candle A ki body se ziada hoti hai aur iska closing price Candle A ki closing price se nichay hota hai. Yeh candle bearish trend ki shuruaat ko darshata hai. Step 6: Entry Point: Jab paanchvi candle (Candle E) complete ho, aur aap dekhein ke pattern sahi tarah se form ho chuka hai, to aap short sell karne ke liye entry point consider kar sakte hain. Step 7: Stop Loss: Aapko ek tight stop loss set karna chahiye, jo Candle E ki high price ke qareeb ho. Agar price Candle E ki high ko paar karta hai, to pattern invalid ho sakta hai. Step 8: Target: Aap pehli target Candle D ki low price ko set kar sakte hain. Agar price yeh target hit kare, to aap apni position ko partially close kar sakte hain. Step 9: Secondary Target: Agar price Candle D ki low ko break karta hai, to aap dusra target Candle A ki low price ko set kar sakte hain. Yeh ek strong bearish reversal ko darshata hai. Step 10: Risk Management: Hamesha risk management ka khayal rakhein. Apni trading capital ko protect karne ke liye position size ko control mein rakhein aur zyada risk na uthayein. Summary Bearish Butterfly candlestick pattern ki trading strategy use karte waqt, market conditions aur price action ko bhi dhyan mein rakhna zaroori hai. Is pattern ke signals ko confirm karne ke liye, technical indicators aur price patterns ka bhi istemal kiya ja sakta hai.