Discuss the "Shooting Star Candlestcick Pattern" in Forex Trading.

INTRODUCTION:

Dear forex members umeed krta ha k ap sb kheriyat sy hu gy or forex sy daily k basis pr achi earning kr rahy hu gy .Dear forex members forex aik tisky business ha jim ma hum loss b krty hain or profit b earn krty hain . dear forex members forex ma bht sary patterns use hoy hain jin ki help sy hum successful trading kr sakty hain. Aj ma ap sy Shooting star candlestcick k bary ma apna knowledge share krn ga.


SHOOTING STAR CANDLESTCICK PATTERN:


Dear forex memebers forex trading ma market jahn sy shuru hoti hai. To wahn sy aik long move k bad wapis osi position ma a kr odhr he apna close deti hai. Is point par phr shooting star candlestcick pattern bnta hai.Shooting star aik reversal candlestcick pattern hota hai ye pattern bullish trend top pr resistance level pr bnta hai. Ye bearish candle bnany ki b identification krta hai. K kb or kis time bearish trend start ho ga. Or ye hamen inverted hammer k bary ma b indicate krta hai.





IDENTIFICATION OF SHOOTING CANDLESTCICK PATTERN:

Dear forex members shooting star candlestcick pattern aik bht he important candlestcick pattern hai. Ye aik bearish reversals candlestcick pattern hai. Is pattern ki oper wick bht long hoti hai. Jo iski body k lehaz sy 2 ya 3 wick zyda lambi hoti hai iski body aik real body hoti hai. Jo k green or red colour ki hoti hai. Is candlestcick ki down wick bht choti hoti hai.Ye candlestcick market k up trend k end or down trend k start hony ki identification krti hai. Ye candlestcick pattern bullish or bearish donu ho sakta hai. Lakin agr bearish ho to wo zyda help ful ho sakta hai.Is trend k bad market down fall ma chali jati hai

Is pattern ko identity in following baton sy kiya ha sakta hai.

* long upper shadow candlestcick
* No colour effect
* Gap open Require
* volume is very important




DECISION MAKING PROCESS :


Dear forex members shooting candlestcick ki complete identification k bad hmhra aglra decision making methods ka hota hai. Jis ma hum ye decided krty hain k trade ki opening kis jaga jrni ha or closing kis jaga krni hai. Ye pattern agr hamen market k resistance level pr miky to hamen sell ki trade ki entry leni chajye or agr ye pattern hamen market k support level pr mily to hamen buy ki trade ki entry leni chahye.


TRADING WITH SHOOTING STAR CANDLESTCICK PATTERN:

Dear forex members shooting star candlestcick pattern market chart ma price k down fall hony pr dikhaideta hai. Jb is pattern sy next candle Gap down open ho or us ka volume shooting star candlestcick sy bara ho to is sy hamen shooting star candlestcick ki confirmation mil jatii hai..Jb market price shooting star candlestcick sy phly wali candle k bottom pr a jye to hamen apni sell ki trade ki entry leni chaheye. Or apna stop loss shooting star candlestcick pattern k resistance level pr rakhna chaheye. Or take profit support level pr fix krna chshye. Chart ko follow krny sy hum loss sy bach kr aik profitable trade kr sakty hain.

Re: Discuss the "Shooting Star Candlestcick Pattern" in Forex Trading.

Shooting Star Candlestick

Jab bhi aik candle ki closing position us k opening position k ausat se ziada ho, to ye candle stick shooting star candlestick kehlati hai. Shooting star candle k uper banne wala saya candle ki body ka taqreeban double hota hai, yani candle ki real body choti jab k saya kafi bara hota hai. Shooting star candle stick ka shumar Umbrella candlestick me ata hai, agar ye candle market k top pe yani ziada qeematon wale area me ban jaye to ye shooting star candlestick kehlati hai, lekin agar ye candle low price area ya downtrend me ban jati hai to ye inverted hammer candle ban jati hai. Shooting star candle ko trend reversal ya downtrend k leye istemal hoti hai, q k ye market me up-trend pe banti hai.

Pattern ki Pehchan k Rules

1. Shooting Star Candlestick bullish trend k bad banti hai, lekin ye zarori nahi hai k shooting star se pehel wali candle white hi ho, lekin ye candle ziada qeematon wale area me banni chaheye
2. Candle ki real body se shadow ya wick size me double hona chahey
3. Shadow candle k upside pe banna chaheye
4. Candle k down side pe koi shdaw ya to hona nahi chaheye, lekin agar banta bhi hai to wo real body se size me bohut kam hona chaheye
5. Shooting star candlestick white aur black dono color me ho sakti hai lekin is ki position aham hai k ye market k top side pe banni chaheye

Trading on Pattern

Shooting star candlestick aik trend reversal candle hai, aur ye ziada tar bullish trend k bad banti hai, is waja se ye candle aik bearish trend k tawar pe dekhi jati hai. Candle stick white aur black dono color me ho sakti hai lekin is ki market me position yani jis area me ye banti hai wo bohut aham hai. Shooting star candle agar bullish trend k bad banti hai to is k leye canfle k bad banne wali candle ka color bohut zaror hai. Trend confirmation k leye black candle ka hona zarori hai, jis pe traders sell se market me apni position open kar sakte hen. Lekin white candle banne pe candle ki value khatam ho jaye gi aur aapko us sorat me market me entry nahi karni chaheye.