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

Assalamu Alaikum! Dear seniers and juniers, umeed ha k ap sab kheriat sa hon ga aur forex market sa daily basis per ak acha gain le raha hon ga. Dear forex trading ak risky business ha is man traders ko bhot losses hota ha is liye forex acha sa learn ker k karen.

Importance of ""Candlestick Patterns"" in forex trading:

Forex market man trading k doran 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 aur price k trend man change ko 100% 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 Morning Star Candlestick Pattern per trading k related apna knowledge share kerta hun.

Morning Star Candlestick Pattern:

Morning Star Candlestick Pattern ak bearish trend reversal candlestick pattern ha, jo currency pairs aur commodities k price chart man long bearish trend k bottom per support level k qareeb banta ha, aur is pattern ki formation k bad price bhot tazi sa oper jati ha. Is pattern man first candle long body ki black (bearish) candle banti ha aur uska k bad two candle white (bullish) banti han os liye is pattern ko ""Morning Star Candlestick Pattern"" ka name dia gya.

Identification of Morning Star Candlestick Pattern in Price Chart:

Morning Star Candlestick Pattern price k bearish trend ko bullish trend man change ker deta ha is liye is pattern ko bullish candlestick pattern b kehta han. Ye pattern three candles per moshtamil hota ha.

1. Is pattern man first candle Day-1 ki long real body ki bearish (black) candle banti ha, jo sellers ka market per strong pressure ko show kerti ha.

2. Is pattern man second candle Day-2 ki small real body ki bullish candle banti ha, jo first candle k close k sath ""gap-up"" k sath open hoti ha aur close b gap-up k sath he hota ha. ye candle buyers aur sellers k dermiyan indecision ko batati ha.

3. Is pattern man third candle Day-3 ki long real body ki bullish candle banti ha, jo second candle ki real body k sath gap-down k sath open hoti ha.

Trading with Morning Star Candlestick Pattern:

Morning Star Candlestick Pattern per trading k liye zarori ha k trader is pattern k complete hona ka wait kara,jab ye pattern complete ho jae to new candle k open per trader ko ""buy ki trade"" active kerni chaheye.

Stoploss and Take Profit:

Forex trading man koi b trader 100% correct nahe ho sakta, is liye trader ko market price ki reverse movement ko mind man rukhta howa""stoploss aur take profit"" ka use lazmi kerna chaheye. Morning Star Candlestick Pattern per trading k doran b trader ko stoploss is pattern ki second candle ki low sa 6 pips nicha place karen aur Take Profit ko next resistance levels per Tp-1, Tp-2 aur Tp-3 kerna chaheye.

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Re: Importance of ""Morning Star Candlestick Pattern"" in forex trading....

Morning Star Candlestick Pattern

Introduction:

Morning star pattern aik bullish trend reversal pattern hai, jo k teen candles par mushtamil hota hai. Morning Star pattern aik mazbot bullish trend reversal pattern tasawar kia jata hai, jo umuman bearish trend ya low prices area me banta hai. Is pattern me shamil 1st candle aik bari black candle hoti hai, jo k market k bearish trend ki turjumani karti hai. 2nd candle aik small real body wali candle hoti hai, jo k 1st candle se lower side pe gap me banti hai. 3rd pe aik bari real body wali white candle hoti hai, jo k open 2nd candle se gap me hoti hai lekin close black candle k body ya us se bhi uper hoti hai. Morning Star pattern aur Evening Star pattern apas me mutazad patterns hen.



Pattern ki Pehchan k Rules:

1. Morning star pattern se pehle qeematon ka bearish trend ya market k low area me hona chaheye.
2. Pattern ki 1st candle aik bari real body wali black candle hoti hai, yani candle ki open aur close price same nahi hoti.
3. Pattern ki 2nd candle candle aik small body wali candle hoti hai, jo k 1st candle se gap me open aur close hoti hai.
4. Pattern ki 3rd candle aik bari real body wali white candle hoti hai, jo k open to 2md candle se gap me hoti hai lekin close 1st candle k body ya us se bhi upper hoti hai.
5. 1st aur 3rd candle ki real body aur color zaror pattern k mutabiq hona chaheye, jab k 2nd candle ka color zarori nahi hai, lekin is ki position aham hai.

Pattern ki Tafseel:

Morning star pattern teen mukhtalif shap k candles par mushtamil aik bullish trend reversal pattern hai, jo k low price area ya bearish trend me banta hai, jis k baad ziada tar qeematen bullish trend me badal jati hai. Is pattern me shamil 1st candle aik bari real body wali black candle hoti hai, jo k qeematon k lower side pe jane ki akasi karti hai. Pattern me 2nd aik small body wali candle hoti hai, jo k 1st candle se lower side pe gap me open aur close hoti hai. Is candle ka colour black ya white dono me se koi bhi ho sakta hai, q k color is candle ka ziada zarori nahi hai, lekin is ki position aur size ziada zarori hai. Ye candle qeematon ka lower side pe jane me rukawat banti hai aur bearish trend ko yahan pe pause karwa deti hai. Pattern ki 3rd candle aik real body wali bari white candle hoti hai, jo k open to 2nd candle se gap me hoti hai, lekin close black candle k body me hoti hai. Ye candle market me qeematon k semat ko tabdeel karwa deti hai.



Morning Star Pattern pe Trading


Morning star pattern pe traders market me buy ki entry kar sakte hen. Pattern k qeematon k lower side pe banne k baad 4rth candle ki confirmation zarori hai, agar ye candle white banti hai, to ye buy ka signal hota hai, lekin agar 4rth candle black banti hai, to ye pattern is position pe fail tasawar hoga, aur market tab entry na karen. Stop loss 2nd candle k sab se lowest price pe hogi.