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

INTRODUCTION:
Dear forex members umeed krta hu k ap sb kheriyat sy hu gy or forex sy daily k basis par achi earning kr rahy hu gy. Dear forex members forex trading qik risky business ha jis ma hamen profit b bht hota ha or loss b .loss 7s sort hota ha jb hamen knowledge ni hota .is k lye important ha k hum experience hasil krn.

SHOOTING STAR CANDLESTCICK PATTERN:
Dear forex members forex trading ma market jahn sy shuru hoti hai. To wahn sy aik long move k bad wapis usi jaga a k apna close deti hai. To phr wahn usi point par shooting star bnta hai.Shooting candlestcick pattern aik bullish trend candlestcick pattern hota hai. Ye pattern Bullish trend k top par Resistance level pr bnta hai ye bearish trend k start hony ka b signal deta hai.. Or ye hamen inverted hammer k against trade krny ka b indicate krta hai. Ye pattern chart k resistance level pr bnta hai. Ye pattern banny k bad market bht tazi sy down fall krti hai.



HOW TO IDENTIFY SHOOTING STAR CANDLESTCICK PATTERN:



Dear forex members forex trading ma shooting star candlestcick pattern aik bht he important pattern hai. Ye aik bearish reversal candlestcick pattern hota hai. Is candlestcick ki upper wick long hoti hai. Jo is k body k size sy two or three time big hoti hai. Ye aik real body ki aik choti c candle hoti hai. Jo green or red colour ki hoti hai. Is candlestcick ki lower wick bht small hoti hai. Ye candlestcick pattern bullish or bearish donu ho sakta ha. Lajin agr bearish ho to zyda use ful hota hai. Is candlestcick k banny k bad market down trend ma jana shuru ho jati hai. Is pattern ko identify following baton sy kiya jata hai.

1. Long upper shadow candlestcick.
2. No colour effect.
3. Gap open required.
4. Volume is very important.





DECISION MAKING PROCESS:


Dear forex members forex trading ma shooting star candlestcick pattern ki complete identification k bad agla process desion making ka hota hai. Jis ma hum ye decide krty hain k kb or kahn trade ki opening or closing krni chahye. Age ye candlestcick pattern hamen pattern k resistance level pr mily to hamen buy ki trade ki entry leni chahye or agr ye candlestcick pattern hamen hamen support level pr mily to hamen sell ki trade ki entry ly kr profit earn krna chahye.




TRADING WITH SHOOTING CANDLESTCICK PATTERN:



Dear forex members shooting candlestcick pattern ko market chart ma prices k fall down hony pr dekha ja sakta hai. 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 jati hai. Jb market prices shooting candlestcick star pattern k phly wali bottom pr a jye to hamen sell ki trade ki entry leni chahye. Or aona stop loss shooting star k top pr Resistance level k pas place krna chahye. Or take profit support level k bottom pr rakhna chahye.

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

Shooting star candlestick.
Shooting star candlestick pattern main aik he candlestick under observation hoti hay jo hamain trading signals daiti hay. Uptrend kay top per yeh is tarah banti hay keh upper shadow iski body kay double size main hota hay jab keh body bullish ya bearish ho sakti hay. But is main hamain uptrend per long wick mazeed price high hony ki rejection ka batati hay. Jis waja say next periods main bearish kay market per control ki waja say down trend strength main hota hay aur is tarah uptrend ka end samjha jata hay.



Explanation and understanding of shooting star candlestick.
Shooting star aik he candle hoti hay is liye isko deeply observe karna bahut zaroori hay. Q keh iskay bad ager price support say bhi reject ho jaye to again uptrend continue ho jata hay. Is liye is candle main opening time bulls up jaty hain. Kuch buyers take profit lay kar aur kuch exhaust ho kar market say exit ho jaty hain jis waja say sellers ka tawazan ziadah ho jata hay aur market same period main opening kay pas he close ho jati hay. Market ki mazeed prediction down trend main milti hay. Laikin agly period main hony wali price moment ko smjhna zaroori hota hay. Ager next period main bhi price falling main he aye to yeh shooting star candlestick ka haqeeqi effect nazar ata hah jo downtrend ki confirmation daita hay.



Trading strategies.
Shooting star candlestick main aik important aur khas bat yeh hay keh iski upside long wick aksar mazeed price high na jany ka he bata rahi hoti hay. Ager iska upper point resistance ko break kiye baghair wapas aye to yeh good sign hota hay, iskay ilawah iski body bearish ho to yeh bhi good sign hota hay. Ager price long uptrend main jany kay bad shooting star candlestick ki surat main ruk jaye to yeh bhi downtrend ki paishan goi hoti hay. So hamain yeh kuch confirmations karny kay bad he shooting star candlestick per trading strategy plan karni chahiye jis kay liye some other technical oscillator aur indicator ka use must hay.

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

Assalamu Alaikum Dosto!

Shooting Star Candle

Shooting star candle price chart k top par buyers ki prices ko mazeed upward le jane ki nakam koshash ka natija hoti hai. Ye candle aik small bullish ya bearish body k sath upper side par aik long shadow wali candle hoti hai. Jab bhi aik timeframes k dowran pora din buyers prices ko bullish pusha karne ki koshash main ho lekin din k ikhtetam par prices wapis bearish a kar apne aghaz wali position ya open price k qareeb ban ho jaye to ye candle aik shooting star candle banti hai. Ye candle lower prices par banne wali "Inverted Hammer Candle" ki hum shakal hoti hai, lekin iss k leye prices ka high bohut zarori hai. Candle ki open aur close ka same point nahi hona chaheye.

Candles Formation

Shooting star candle prices k top par buyers ki open pressure aur sellers ki closing pressure ki waja se banti hai. Jiss k natije main na to buyers prices ko bullish le kar jate hen, aur na hi sellers prices ko bearish dakhel dete hen. Dono pressures ki maojoodgi main ki waja se ye candle banti hai, jiss ki formation darja zzel tarah se hoti hai;



Shooting Candle: Shooting star candle hoti to prices k top par hai, aur dosra ye kisi bhi color ya formate main ban sakti hai lekin iss candle ki hasseyat bearish trend ki hoti hai. Q k high price ya bullish trend main ye bearish trend reversal pattern ka kaam karti hai. Iss waja se iss ka candle ki ahmeyat top position par hai, color par nahi hai.

Explaination

Shooting star candle aik upper long shadow aur small real body wali single pattern candle hai jiss ko analysis k leye bearish trend reversal k tawar par dekha jata hai. Candle ki khas baat ye hai k iss k bearish ya bullish hona ziada zarori nahi hai, bulkeh iss ka top price area ya bullish trend k baad banna zarori hai, q k ye aik trwnd reversal candle hai. Candle k banne ki pechay ki psychology kuch yon hai k buyers bullish trend ko mazeed extend karne ki koshash main prices ko bohut upward le kar jate hen, jiss se prices taqreeban pora din bullish hi rehti hai lekin achanak se sellers market main active ho jate hen, jiss se prices wapis nechay bearish a jati hai aur apne open point k qareeb close ho jati hai.



Trading

Shooting star candle main prices ka bullish rejection ki waja se sellers ko market main ziada dilchaspi peda hona shoro hoti hai, jiss se wo prices ko ussi timeframes main bearish le kar ati hai. Prices k top area main hone ki waja se aksar ye jagah bearish trend reversal main badal jati hai. Pattern par sell ki entry aik trend confirmation candle k baad entry karen, jiss se prices k teezi se bearish an3 k chances hon. Stop Loss pattern k top par ya shooting star candle k wick se two pips above par set karen.