Why we should use candlesticks pattern:

Why we should use candlesticks pattern:

Without any doubt we know that candlesticks pattern is the most popular chart pattern among bar charts and line charts and 90%-95% trader use it for their easy technical analysis .Most of the time market move based price action and to understand it candlesticks chart patterns are very vital.

From candle sticks pattern we can get “pinbar” which is most relevant pattern that help to understand the market movement easily.

Basically if pinbar reject important price movement level then market move in inverse direction. But it is not right that every pinbar will work 100%! so we need to understand the correct and suitable pinbar to be mastered in forex .

Here I am going to discuss most important candlesticks pattern which help you to understand the price action strategy of the market properly and to make right trading decision.

Basic Bullish and bearish Candlesticks Patterns:
Here you see bullish and bearish candlesticks chart pattern. In where bullish chart patterns opened at lower and closed at higher that means buyer are coming . For the bearish candlesticks pattern is open at higher and closed at lower which means sellers are coming.

Basic bullish and bearish Candlesticks pattern’s pinbar:
i) The bullish pinbar refers that the market should be bullish because its body in the upper side and tail in the lower side.

ii) For bearish pinbar give the region to be downtrend and here sellers are coming with more energy which is indicated as the tail are upper level and body is the lower level.

Different Types of candlesticks pattern study :
The name of the candlesticks patterns are come from interesting words and I am going to describe these with easy language and shortly.

i)This pinbar give bullish signal of the market price and it comes after a long down trend.
ii) The range of closing and opening price is small and it’s body may be green or red. So when you see this pinbar then you can make a decision for BUY.

ye trika mer ekhayal me ju yaha per expert hain un he ko taa ha keu k yaha per nw use rkuch bhe nhi jantay hain.is leye expert eh sub kuch jante hain,.

salam bhai jan ham forex trading men candalistic chart is liye use karty hen q k is say hamen market ka achi tarah pata chal jata hai k kab buy aur kab sell karen

In a words it shows that-
-buyers are comming in
-buy when price close above high of hammer
- give stop loss below hammer

bro muja is kay bari may kuch pata nae hy kay hum is ko kue use karte hy or is kay kia matlb hy kue kay may yahan pa new ho or muja abi is kay bari may pata ne hy is waja sa may is kay bari may app sa kuch be share nae kar sakta