Trading With Shooting Star Candlestick Pattern

Introduction:

Dosto jab hum forex main trading karte hain too Hamen baaz dafa forex k technical chart analysis me inverted hammer or shooting starse wasta prta ha jo Kay aik important cheez Hoti Hy forex trading me basically Kisi bhi pair Kay chart me shooting StarCandlestick 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..

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




Shooting Star Similar 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 hai shooting staruptrend 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




Opening Orders 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




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..

Re: Trading With Shooting Star Candlestick Pattern

Assalamu Alaikum Dosto!

Shooting Star Candle

Shooting star candle main prices aik small real body k sath upper side par aik long shadow banati hai. Ye candle buyers k bullish trend k dowran prices ko waqti tawar par bullish le jane ki koshash hoti hai, lekin achanak ziada selling pressure aur high price area hone ki waja se aisa mumkin nahi hota hai. Lekin bullish trend main banne wali Shooting star candle prices k trend reversal ka sabab banti hai. Shooting star candle main real body shadow k muqabele main bohut kam hota hai, yanni shadow real body ka dugna ya uss se bhi ziada ho sakta hai. Shooting star candle main prices ka open aur close same nahi hona chaheye, q k aisa hone par ye candle aik Gravestone doji candle ban sakti hai.

Candles Formation

Shooting star candle aik single pattern candle hai, iss waja se ye candle dono color ya pattern main ho sakti hai. Ye candle prices k bullish trend main banne par market k bearish trend reversal ka sabab banti hai. Candle ki tafseel darjazeel hai:



Shooting Star Candle: Shooting star candle high prices ya bullish trend main bnata hai, lekin bearish trend reversal honne ki waja se ye candle aik bearish candle shumar ki jati hai. Ye candle aik small real body main hoti hai, jiss k upper side par aik long shadow hota hai, jo k real body ka taqreeban dugna banta hai.

Explaination

Shooting star candle jo k bullish trend main banne wale Hanging Man candle ki ulat shap main hoti hai, aik bearish trend reversal candle hai. Ye candle small real body main aik upper long shadow k sath banti hai. Candle ka shadow real body ka dugna ya uss se ziada hota hai. Ye candle bearish trend main banne wali Inverted Hammer candle se jaisi dekhti hai. Candle ki bullish trend main high prices main banna bohut ziada aham hai, jab k iss candle ka color khas qisam ka hona aham nahi hai. Candle k lower side par wese role k mutabiq to koi shadow nahi banna chaheye, lekin agar aik small wick ban bhi jaye to bhi ye pattern k mutabiq hota hai.



Trading

Shooting star candle bearish trend main buyers ki taraf se aarzi koshash hoti hai, jiss main wo prices ko bullish push karte hen, lekin market main achanak selling dabao ki waja se prices wapis apne aghaz wali position k pass a kar close ho jati hai. Jiss se candle k small real body k sath upper side par aik long wick ya shadow ban jata hai. Ye shadow aik bearish trend ya sell signal ki alamat hoti hai. Trend confirmation ya market main entry karne se pehle aik black candle ya technical indicators ka overbought zone main hona zarori hai, jiss se prices k low hone ka ishara melta hai. Stop Loss candle k sab se top side se two pips above set karen, jo mumkina resistance level sabit ho sakta hai.