How to trade with ""Evening Star 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 acha gain le raha hon ga.

Importance of Candlestick Patterns:

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 market 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 ""Evening Star Candlestick Pattern"" per trading k related apna knowledge share kerta hun.

Evening Star Candlestick Pattern:

Evening Star Candlestick Pattern ak bearish trend reversal candlestick pattern ha, jo currency pairs aur commodities k price chart man long bullish trend k top per banta ha. Is pattern ka name din k bad sham ana per rukha gya ha, q k white candles k bad small black candle banti ha.

Identification of Evening Star Candlestick in Price Chart:

Evening Star Candlestick Pattern three candles per moshtamil ak bearish candlestick pattern ha.

1. Is pattern man first candle Day-1 ki long real body ki bullish candle banti ha.

2. Is pattern man second candle Day-2 ki small real body ki candle banti ha jiska dono wicks small aur taqreban same length k hoti han, jo first candle k high k sath gap-up man open hoti ha aur uska close b first candle k high k oper hota ha. Is candle ko Star Candlestick kehta han.

3. Is pattern man third candle Day-3 ki long real body ki bearish candle banti ha, jo second candle ki low k sath gap-down man open hoti ha aur iska close first candle ki low k nicha hona chaheye.

Trading with Evening Star Candlestick Pattern:

Evening Star 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 ""sell ki trade"" active kerni chaheye.

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Stoploss and Take Profit:

Evening Star Candlestick Pattern per trading k doran trader ko stoploss ko is pattern ki second candle k high per 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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Re: How to trade with ""Evening Star Candlestick Pattern"" in forex trading?

Assalamu Alaikum Dosto!

Evening Star Pattern

Evening star candlestick pattern price charts par banne par traders ko market main selling par majboor karte hen, q k ye pattern prices k bearish jane ka ishara hota hai. Evening star pattern prices k higher side par banta hai jo k traders k leye selling ki opportunity peda karti hai. Ye pattern evening doji star pattern se mushabehat rakhta hai. Evening star teen candles ka aik hai, jo k prices k top main banne ki waja se prices k leye mumkinna tawar par aik bearish trend reversal ka kaam kartta hai. Pattern ki pehli bullish candle market main prices k upward jane ka ishara deti hai. Jab k pattern ki dosri candle aik small real body wali hoti hai, jo k prices ko mazeed bullish rise hone se bachati hai, jiss se market par bears ka ghalbba a jata hai, aur qeematen lower side par chalnna shoro karti hai, aur ye kaam teesri bearish candle k banne par pora ho jata hai.

Candles Formation

Evening star candlestick pattern teen din par mushtamil hone ki waja se prices ka trend baqi pattern ki nisbat ziada strong reaction deta hai, jiss se qeematen apni semat tabdeel karti hai. Pattern main shamil sari candles apni apni hososeyat ki waja se apna kaam pattern k mutabiq karti hai, jo k aik bullish trend ko bearish main badalne par majboor karti hai. Pattern main shamil candles ki formation darjazel tarah se hoti hai;



1. First Candle: Evening Star candlestick pattern main pehli candle aik long real body wali strong bullish candle hai, jo k market main bullish taqqat dekhati hai. Pattern ki pehli candle prices ko upward side par push karti hai, jiss main candle ka close price uss k open price se above hota hai.

2. Second Candle: Evening Star candlestick pattern ki dosri candle aik small real body main hoti hai, ye candle aam tawar par aik star candle banti hai, jis ka open aur close aik dosre k bohut qareeb hotta hai. Pattern ki dosri candle kisi bhi color main ho saktti hai, lekin position is ki lazmi bullish candle k baad top par honi chaheye aur size main small honni chaheye. Star candle pehli candle se gap main bhi open aur close hotti hai.

3. Third Candle: Evening Star candlestick pattern main teesri candle aik strong real body main hotti hai, ye candle bearish trend ki black ya red ki color main bantti hai. Bearish candle dosree small candle k close k baad open hotti hai, jab k pehlee candle k midpoint se above close hotti hai. Ye candle dosri candle k bottom par aur pehli candle k parallel banti hai, jo k bearish trend reversal ka kaam karti hai.

Explaination

Evening star candlestick pattern prices chart main bohut ziada buying hone k baad banta hai, jiss se prices ka rebound honne ka hadsha peda ho jata hain. Ye pattern qeematon k top position par banne ki wajja se prices k leye beariah trend reversal ka kaam karti hai. Ye pattern bearish, star candle aur bullish candles par mushtamil hai, jo evening doji star candlestick pattern se mushabehat rakhta hai. Pattern ki dosree small real body wali star candle prices ko mazeed bullish janne se rokti hai, aur third bearish candle ki waja se bearish trend main tabdeel karwa detti hai. Evening Star candlestick pattern ki pehli strong bullish trend market main buyers ki pressure ko dekha rahee hoti hai, lekin dosri small star candle is pressure main kami ka sabab banti hai, jab k teesri long bearish candle market main sellers ka control aur trend change ka signal deti hai. Ye pattern ziada top position par strong reaction detta hai. Evening star pattern ka inverse jo prices k bottom par banta hai, wo morning star candlestick pattern hai, jo k bullish trend reversal pattern ka kaam karta hai.

Trading

Evening star candlestick pattern teen candles par mushtamil hai, jiss main har aik candle aik dosre se mukhtalif formate main banti hai. pattern main teesri candle prices k tabdeeli ki waja banti hai, lekin market main sirf in pattern ki waja se entry nahi ki ja sakti hai, bulke is k leye mazeed confirmation indicator ka signal ye bearish confirmation candle ki zarorat hoti hai, jo k teesri bearish candle k baad aik aur bearish candle honi chaheye. Evening Star candlestick pattern main banne wali tessri bearish candle agar pehli candle k midpoint se below ja k close hotti hai, to ye aik strong signal deti hai. Agar pattern k teesri candle k baad bearish candle banne par market main buy ki entry ki ja sakti hai. Stop Loss pattern k sab se top position ya star candle k high price se two pips above set karen, q k ye position prices k leye mumkina resistance position sabit ho sakti hai.