Importance of ""Shooting Star Candlestick Pattern"" in forex trading...

Assalamu Alaikum! Dear seniers and juniers traders, umeed ha k ap sab kheriat sa hon ga aur forex trading man ak acha gain le raha hon ga. Dear forex trading man koi b trader 100% correct nahe ho sakta is liye trading k doran trader ko market price ki reverse movement ko mind man rukhta howa small lotsize ka aur stoploss aur take ka use lazmi kerna chaheye.

Importance of Candlestick Patterns in forex trading:

Forex trading man trader currency pairs aur commodities ki price movements ko smajhna k liye price chart ko read kerta ha, q k price chart patterns man changes, momentum and price k trend man changes ko accuracy k sath identify kerta ha. Candlestick Patterns currency pairs aur commodities k ""price chart"" man price ki movement ko track kerna k liye use hona wala most important technical tool ha. Trader forex trading man kisi b currency pair ya commodity ko Buy/Sell kerna k liye ""Candlestick Patterns"" per depend kerta ha. Aj man apka sath ""Shooting Star Candlestick Pattern"" per trading k related apna knowledge apka sath share kerta hon.

Shooting Star Candlestick:

Shooting Star Candlestick ak small real body ki bullish/bearish candle hoti han upper wick long hota ha aur lower wick smaller ya zero hota ha. Upper wick real body k double sa bara hon zarori ha. Ye candle buyers aur sellers k dermiyan indecision ko batati ha. Ye candle ak trend reversal candlestick ha jo currency pairs aur commodities k price chart man long bullish trend k top per resistance level k qareeb banti ha.

Shooting Star Candlestick Pattern:

Shooting Star Candlestick Pattern ak bhot he simple trend reversal candlestick pattern ha jo currency pairs aur commodities k price chart man bullish trend k top per commonly banna wala pattern ha. Ye pattern tamam timeframes man work kerta ha, bara timeframes man ye pattern zayada pips ki trade deti ha.



Identification of ""Shooting Star Candlestick Pattern"" in Price Chart:

Shooting Star Candlestick Pattern two candles per moshtamil hota ha.

1. Is pattern man first candle Day-1 ki ""Shooting Star Candlestick"" banti ha. Ye candle buyers aur sellers k dermiyan indecision ko batati ha.

2. Is pattern man second candle Day-2 ki long real body ki bearish candle banti ha. Ye candle is pattern k complete hona ki aur bearish trend k start hona ki confirmation deti ha.




Trading with ""Shooting Star Candlestick Pattern"" in Price Chart:

Shooting Star Candlestick Pattern per trading k liye trader ko pattern k complete hona k wait kerna chaheye. Jab pattern complete ho jae to trader ko new candle k open per ""Sell ki Trade"" active kerni chaheye.

Stoploss and Take Profit:

Is pattern per trade active kerna k bad trader ko ""Stoploss"" Shooting Star Candlestick"" k High per place kerna chaheye aur Take Profit ko next support levels per Tp-1, Tp-2 aur Tp-3 ker k place karen.



Shooting Star Candlestick Pattern and Relative Strength Index (RSI) Indicator:

Shooting Star Candlestick Pattern per successful trading k liye zarori ha k trader indicator sa b iski confirmation kara. Relative Strength Index Indicator ko use kiya jae to is pattern ki formation k doran RSI overbought area man hona zarori ha aur jab trader trade entry le to us waqt RSI 70 k level ko cross down ker rahe ho. Is terha trader ak successful trade complete ker leta ha.

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Assalamu alaikum kaise ho aap sab log main bilkul theek aur khari aate hun aur ummid karta hun ki aap bhi bilkul theek aur khari aise honge aaj is side mein aapko main ek bahut hi important topic shooting star candlestick pattern ke bare mein bataunga aur main ummid karta Hun ki Jo information main aapse share karunga vah aapke nalej aur experience mein jarur izaafa karegi aur agar aap mere is thread per Amal karte hain aur apna jyada se jyada time Yahan per Hain to aap ek acche aur kamyab trader Ban sakte hain aur bahut sare paise bhi Kama sakte hain isliye main Yahan per Maine thodi na se kam karna chahie