Shooting Star Candlestick Pattern Explained !!

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  • #1 Collapse

    Shooting Star Candlestick Pattern Explained !!
    AOA,


    Hi Freinds, I hope Sab Kheriyat Se hon gye. Apny bohat sy patterns ki study ki hogi aj main ap sab sy ak important pattern k bary main kuch maloomat share karna chahta hon jisy shooting star candlestick pattern kehty hain is k bary main janna bohat zyada important hai jitna zyada isko smjho gy utna zyada kmyab hongy.




    Candlestick Pattern Ki Ehmiyat:



    Dear Forex Members, forex trading main trader past price ko current price k sath compare karny k liye price chart ko read karta hai ye price chart pattern k andr change momentum or price k teend main tabdeeli ko boht accurate trade entry or trade exit k liye use kiye jany waly technical tools main candlestick pattern ak more effective tool hai is liye trader kisi bui currency pair ya commodity ko buy k liye candlestick patterns perde par depend karta hai is liye aj main aoka sath bohat important or price chart main boht comminly nazar any wala pattern k bary main apna knowledge discuss krnga.




    Trading With Shooting Star Candlestick Pattern:



    Dear Freinds jesa keh aap Jaante hain Shooting star candlestick k bad ager next candle bearish ki banti hai to is sy ye patternpattern confirm ho jata hai second candle k bearish man close k bad new candle k open par trader ko SellKi Trade active karni chahye.stoploss ko shooting star candlestick k high sy 6 pips oper place karen or take profit ko nextnext support levels par tp1 tp2 or tp3 ker k place karen or trader ko chahye k wo Tp1Tp1 par apni half trade closclose kar dy or bakbaki trade ko stoploss entryentry level par place karen.
    Shooting star candlestick pattern k sath ager koi technical indicator b use kiya jaye to trade ki mazeed confirmation ho jati hai is liye trader is pattern k sath "Relative strength index (RSI) indicator ko use kry to is pattern ki formation k doran RSI 70 k level sy above hona bht zrori hai or trade entry lety wakt RSI 70 k level ko cross down kr rahy hoto is tarah trade ki confirmation indicator b 100 dy deta hai.
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    Shooting Star Candlestick Pattern Chart Pattern:



    So Freinds, shooting star candlestick pattern hamesha inverted hammer k opposite signal deti hai ye candlestic long bullish trend k top par banta hai or bearish trend k start hony ka signal deti hai shootin star candlestick pattern k lye trader next candle ka wait karta hai or ager next candle bearish banti hai to tradr lagaya kren wrna trade open na kren..jo next candle bearish banti hai to trader ko chahye k sell ki entry len stoploss shooting star candlestick pattern k high opper place karen r take profit ko support level par place kren.ye candle up trend ko bearish me convert kr deta hai ye canlde hmesha long uptrend k top par resistance level par bnta hai.


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  • #2 Collapse

    Re: Shooting Star Candlestick Pattern Explained !!

    Dear friends trading Kay doraan Hamen baaz dafa forex k technical chart analysis me inverted hammer or shooting star se wasta prta ha. Jo Kay aik important cheez Hoti Hy forex trading me. Basically Kisi bhi pair Kay chart me shooting Star Candlestick Photo k matabik inverted hammer market k oper jane ka signal deti ha or shooting star neeche ane ka ap Photo ko achi focus kren to bht asani sy apko iski basic techniques pta chal skti Hy.

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    Working Strategy of Shooting Star Candlestick

    Shooting star inverted hammer shape key ho sakty hey shooting star ko bearish reversal pattern ka be name dia jata hay, bullish trend key bad uptrend me inverted hammer shape ka ban jany ko shooting star ka name dia jata hay es key shape aur es ki identification ka hi jaiza lety hey,

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    Shooting Star Reassemblance with Inverted hammer

    Shooting star candles (inverted hammar) ki tarha to ho sakty hey jo key red color key be ho sakty hey aur red color key be magar ye opposite signal provide karty hey, shooting star uptrend me hi samny a sakty hey jes ki real body small jo key down side par aur legs bahot hi zeyda large up side me hoty hey.

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    Benifits of Using Shooting Star Candlestick

    Jab Shooting Star Candlestick Pattern confirmation k bad new candle k open per trader ko ""Sell ki Trade"" active ker deni chaheye. Stoploss ko Shooting Star Candlestick k high sa oper place karen aur Take Profit ko next support levels per Tp-1, Tp-2 aur Tp-3 ker k place karen.

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    Relation of Shooting Star and RSI

    Shooting Star Candlestick Pattern k sath ager Relative Strength Index (RSI) use karen to trader ko mazeed confirm trade mil sakti ha. Is pattern ki formation k doran RSI overbought area (70 k level k oper) hona chaheye aur jab trader trade entry le to us waqt RSI 70 k level ko cross ker k nicha ja rahe ho.

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    • #3 Collapse

      Re: Shooting Star Candlestick Pattern Explained !!

      Forex main trading ager namumkin nai to easy bhi nai hay. Laikin isko easy banaya ja sakta hay. Is liye hamain kai kisam kay candlestick patterns aur tools ki seekhna parta hay. Isi liye aik trader hamesha mor and more time concentrate karty huye market main khid ko paband rakhta hay ta keh woh aik aisa entry point pa lay jo isko market main profit day saky.

      Definition.
      Shooting star aik hammer type candlestick hay jo amooman bullish to bearish reversal patter kay liye mana jata hay. Yeh candlestick bullish kay top per banti hay aur aik ulta hammer hoti hay jis waja say iska effect bhi different hota hay. Is pattern main candlestick up ja kar again down ati hay aur limited body per jab keh long upper tail per mushtamil hoti hay jis say price mazeed upper ki rejection jhalak rahi hoti hay. Is waja say yahan bearish trend start ho jata hay. Aur yehi waja hota hay keh iskay bad aik limited but most effective selling trade main hamain profit opportunity bhi mil jati hay.

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      Entry in shooting star pattern.
      Shooting star pattern main trading entry lainy say pehly yeh confirm kar lain keh waqie trend reversal start ho chuki hay. Yani shooting star candlestick kay bad agar aik mazeed bearish candlestick ban jaye to yahan per enter ho jana chahiye aur mazeed one or two candlestick tak trade main enter reh kar profit lay sakty hain. Kyun keh hamain yahan per buyers ki taraf say rejection nazar ati hay aur market main selling pressure nazar a raha hota hay. Aur jab price apny opening point say bhi nichy a jati hay to is say hamain mazeed selling ki confirmation bhi mil jati hay.

      Precautions
      Shooting star candlestick pattern main jahan ham enter ho jayain to phir hamain sirf profit kay bary he main nai sochna chahiye balkeh loss kay bary main bhi muhtat rehna chahiye. Isliye shooting star candlestick kay top level tak hamain stop loss set karna chahiye ta keh ham loss say bach sakain.

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