Importance of ""Homing Pigeon 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 gain le raha hon ga.

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 aur price k trend man change 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. Forex trading man trader kisi b currency pair ya commodity ko buy sell kerna k liye candlestick patterns per depend kerta ha. Aj man apka sath '""Homing Pigeon Candlestick Pattern per trading k related apna knowledge share kerta hun.

Homing Pigeon Candlestick Pattern:

Homing Pigeon 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 per banta ha, aur complete hona ka bad price bhot tazi sa oper jati ha.

Identification of Homing Pigeon Candlestick Pattern in Price Chart:

Homing Pigeon Candlestick Pattern ak bullish candlestick pattern ha jo trader ko buy kerni ki trade opportunity deta ha. Ye Pattern three candles per moshtamil hota ha.

1. Ye pattern hamasha long down trend k bottom per support level per banta ha.

2. Is pattern man first candle Day-1 ki long real body ki bullish candle banti ha, jo market per sellers k strong pressure ko represent kerti ha.

3. Is pattern man second candle Day-2 ki small real body ki bearish candle banti ha jo previous candle ki real body k ander banna zarori ha aur is man price movement first candle k lehaz sa less honi chaheye.

4. Is pattern man third candle Day-3 ki long real body ki bullish candle banti ha jiska close first candle k high k oper close hona bhot zarori ha.

Trading with Homing Pigeon Candlestick Pattern:

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

Stoploss and Take Profit:

Homing Pigeon Candlestick Pattern per trading k liye zarori ha k trader stoploss ko is pattern ki first candle ki low per place kara aur Take Profit ko next resistance levels per Tp-1, Tp-2 aur Tp-3 ker k place karen.

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Re: Importance of ""Homing Pigeon Candlestick Pattern"" in forex trading...

Assalamu Alaikum Dosto!

Bullish Homing Pigeon Candlestick Pattern

Bullish Homing pigeon two bearish candles ka ek bullish trend reversal pattern ha. Homing Pigeon low price main ziadda tar banne ki waja se trend reversal k kaam kartta hai. Homing Pigeon aur Bullish Harami candlestick pattern dekhne main aik jaise lagte hen, lekin homing pigeon k dono candles bearish jab k bullish harami pattern ki dosree candle bullish hoti hai.

Candle Formation

Jaisa k uper bataya gaya k bullish homing pigeon aik bullish trend reversal pattern hai, aur liw prices area main bhi banta hai to us k leye candles ki darjazel format honi chaheye ;



Fist Candle: Bullish homing pigeon me fist candle aik long real body wali bearish (black or red) candle honi chaheye, jo keh bearish trend k continuation ko batta rahee hotee hai.

Second Candle: Bullish homing pigeon me shammil second candle aik small real body wali bearish candle honi chaheye, jis k open aur close first candle k open aur close k inside ho.

Explaination

Bearish trend main prices ka harkat karne ki waja se homing pigeon ki pehlee candle aik bearish candle hoti hai, jo k pehle se chal rahe bearish trend ki alamat hotee hai. Pehlee bearish candle market main sellers ya bear ki power bhi batatti hai, lekin dosree candle pehlee candle k lower par open hone ki bajaye thora sa oper se open hoti hai, jis se market main buyers ya bull ka pressure ana shoro ho jata hai. Lekin dosree candle ab bhi upward nahi jatee, q k bearish trend ka asar abhi tak market me hota hai, jis se ye candle thori si down a kar close hotee hai, lekin pehlee candle k close position ko cross nahi karti.

Trading

Chart patterns me bohut sare aisay candles pattern maojood hen, jis ki format us k trend k akssar ulat kaam kartee hai, jis tarah se bullish homing pigeon pattern hai. Bullish homing pigeon pattern me pehlee candle aik long real body wali bearish candle aur dosree candle bhi same bearish pattern ki bantti hai, lekin size main small hone ki wajja se ye pattern trend reversal ka kaam karta hai.
Traders k leye yanhan pe buy ki signal hote hen, lekin market main entry karnne se pehle trend confirmation ka hona zarrori hai. Agar dosree bearish candle k baad ek bullish candle bantee hai to ye trend reversal ka aur buy k trade ka signal hogga. Pattern k leye stop loss ki position pehli candle k sab se lowest point, ya jahan pe pehlee candle close howee hoti hai, par lagayen.