Importance Of "HAMMER CANDLESTICK PATTERN" In Forex Trading...

INTRODUCTION:

Aslam o alaikum dear forex members kesy hain ap sb log umeed ha k ap sb thk hon gy r forex trading ko enjoy kr rhy hon gy dear main aj apky sth forex market ka bht important pattern jo k "Hammer Candlestick pattern" k related ha share kru ga.. dear ye pattern commonly used hony wla technical pattern ha r humy chahiye k hum isko learn kren ta ky hum trading me acha profit hasil ho r hum apny account ko b safe rkh saky ..

IMPORTANCE OF CANDLESTICK PATTERN:

Dear members forex market me traders currency pairs r commodities k price chart ko identify krta ha. Q k ye price chart price ki actual movement ko accuracy k sth identify krta ha. Market price chart me trade entry r trade exit point ko identify krny k liye " Candlestick pattern" bht important pattern ha.. is liye Candlestick pattern ko achy se study krna chshiye apny account ko successful bnany k liye ..

HAMMER CANDLESTICK PATTERN:

Dear members forex trading me "Hammer Candlestick pattern" ek strong "trend reversal " pattern ha . R ye pattern bht simple and easy ha new traders thori c practice kr len to isy asani se sekh skty hain. Ye pattern long besrish trend k bottom pr Support level k qareeb bnta ha.. r new long term bullish trend start ho jta ha. R market main pora pressure k sth buyer ata ha r market price ko oper ly k jata ha.

Hammer Candlestick pattern ka reverse Candlestick patteen " INVERTED HAMMER CANDLESTICK PATTERN" ha...



IDENTIFICATION OF "HAMMER CANDLESTICK PATTERN":

Dear members jb market prices long time k continuously fall kr ri ho r prices Support level k qareeb hon to trader ko pori concentration k sth trade ko watch krna chahiye. Hammer Candlestick pattern bny to sahi time pr trader ko "Sell ki Trade" active krni chshiye. R trader ko chahiye k trade active krny k doran single pip b miss na ho foran active kry. Is pattern me ek candle bnti hs. Is liye isko learn krna r sekhns bht asan ha. Hammer Candlestick pattern ek small real body bullish/bearish hoti ha. Jiska lower wick long r upper wick small ya zero hota ha. Lower wick ka no price active region me bna bht zaruri ha. Price rejection sellers ki pressure k khtam hony ko show krti ha..



TRADING WITH HAMMER CANDLESTICK PATTERN:

Dear members hammer candlestick pattern k bad next candle k bullish candle me close dena bht zaruri hs. Agr hammer candlestick k bad next candle bullish ki bany to new candle k open pr trader ko"Buy ki Trade" active krni chahiye..

Hammer Candlestick pattern ki mazeed confirmation k liye trader ko is pattern k sth "Reletive Strength Index RSI Indicator" ko combination me use kry.. hammer candlestick pattern ki formation k doran RSI 30 level se nichy hona bht zaruri ha. R hammer candlestick pattern k bad next Bullish candle k close pr RSI 30 k level ko lzmi cross above kr rhy ho..



STOPLOSS:

STOPLOSS ko "Hammer Candlestick pattern" k low k nichy place kren. Stoploss ko mind me rkhty huy lot size choose kren tak y account ko safe rkhen r profit gain ke saky..

TAKE PROFIT:

TAKE PROFIT ko next resistance level pr place kren. Take profit ko unexpected level pr place na kren taky hit he na ho r market reverse ho kr loss dy..

FAKE HAMMER CANDLESTICK PATTERN:

Dear members agr hammer Candlestick ki lower wick price action area me ho to isko "FAKE HAMMER CANDLESTICK" kehty hn ye continuation ka signal deta ha..

Re: Importance Of "HAMMER CANDLESTICK PATTERN" In Forex Trading...

Assalamu Alaikum Dosto!

Hammer CandleStick

Hammer candlestick aik single candle, small real body wali bullish trend reversal pattern hai, jo k prices k bottom ya bearish trend main banta hai. Pattern ki small real body bullish ya bearish dono tarah se mumkin hai, lekin candle k leye zarori, iss ka prices k bottom par banna hai. Ye candle aik long lower shadow k sath banti hai, jiss k upper side par koi shadow nahi banta hai. Candle k upper side par small wick acceptable hai, lekin ye wick real body se size main bara nahi hona chaheye. Ye candle prices k leye bottom prices par support level ka kaam karti hai, jahan se prices rebound ho jati hai. Jab candle aik timeframe k dowran prices pehle bearish jane k baad wapis bullish jati hai, lekin apne aghaz ya open price k same price par close nahi hoti hai, bulke aik small real body banane k baad, aik long lower shadow k sath close ho jati hai, to ye aik hammer candle banti hai.

Candles Formation

Hammer candlestick candle prices k bottom main supply aur demand k radu-badal k natijay main wajood main ati hai. Ye candle aik strong reversal k leye jani jati hai, jo k downward side main kisi bhi color ki real body main ho sakti hai. Candle ki formation darjazzel tarah se ho sakti hai;



Hammer Candle: Hammer candlestick agar prices k bottom main banti hai, to ye bullish ya bearish dono main se jiss color main bhi ban jaye, lekin essey aik bullish candle hi tasawar ki jati hai, q k ye point trend reversal ki position ho sakti hai. Candle k leye prices k position zarori hai, color nahi hai.

Explanation

Hammer candlestick prices k bottom par market k rebound hone ka aik strong signal hota hai. Jab bhi kisi assets ki prices trading k dowran bohut ziada bearish move kar jati hai, to support zone par aksar kuch candles achanak prices to rise nahi karti hai, lekin prices k uptrend jane k aik ishara zaror deti hai, jiss se analyst faida hasil karte howe market main apne trades ki entry karte hen. Hammer candle prices k bottom par small real body k sath long lower shadow k sath banti hai, jiss ki real body ka bullish ya bearish hona zarori nahi hai, bulke candle ki position ziada important hai. Candle k upper side par shadow nahi hona chaheye, lekin agar banta bhi hai, to shadow ka size candle ki real body se ziada nahi honi chaheye.

Trading

Hammer candlestick trading k leye aik strong signals genrate karta hai, agar prices chart pattern par support zone par trade kar rahi ho to. Candle par trading se pehle iss ka long timeframes par select hona zarori hai, jab k candle k baad aik bullish confirmation candle ka bhi hona zarori hai. Candle k baad bearish candle banne candle k bullish trend reversal pattern zaya ho jata hia. Bullish candle real body main honi chaheye, jo k hammer candle k top par close honi chaheye. Trend confirmation k leye CCI, RSI, MACD indicator aur stochastic oscillator ka oversold zone main hona zarori hai, jab k candle k leye Stop Loss sab se bottom position jo k umoman candle ki shadow ka lower banta hai, se two pips below set kia ja sakta hai.