How to trade with Shooting Star Candlestick Pattern in forex trading?

Assalamu Alaikum! Dear seniors and juniers, umeed ha k ap sab kheriat sa hon ga aur forex trading sa daily basis per ak acha gain le raha hon ga. Dear traders forex ak risky business ha is man bhot losses hota han. Is liye forex trading ko acha sa seekh ker karen.

Importance of Candlestick Patterns:

Forex trading mein trader currency pairs aur commodities ki price movement ko smjhna 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 mein trader kisi b currency pair ya commodity ko buy/sell kerna k liye candlestick patterns per depend kerta ha. Aj man apka sath ""Shooting Star Candlestick Pattern"" per trading k related apna knowledge share kerta hon.

Shooting Star Candlestick:

Shooting Star Candlestick ak small real body ki bullish/bearish candle ha jiska upper wick long aur lower wick smaller ya zero hota ha. Is candle k valid hona k liye zarori ha k upper wick candle ki real body k double sa bari honi chaheye. Ye candle ak bearish trend reversal candlestick ha jo sirf resistance level per ban ker valid bearish trend ka signal deti ha. Jab ye candle long bullish k bad resistance level per banti ha to ye buyers aur sellers k dermiyan indecision ko batati ha aur market mein new trend k start hona ka signal deti ha.

Shooting Star Candlestick Pattern:

Shooting Star Candlestick Pattern ak strong 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 Shooting Star Candlestick per rukha gya ha.

Identification of Shooting Star Candlestick Pattern in Price Chart:

Shooting Star Candlestick Pattern single candle per moshtamil ak bearish candlestick pattern ha.

1. Is pattern man first candle (D-1) ki Shooting Star Candlestick banti ha.

2. Is pattern man second candle long real body ki bearish candle banti ha jo Shooting Star Candlestick ki real body k sath gap-down man open hoti ha.

Trading with Shooting Star Candlestick Pattern:

Shooting 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 trader ko "" sell ki trade "" active kerni chaheye.

Stoploss and Take Profit:

Shooting Star Candlestick Pattern per trading k doran trader ko stoploss Shooting Star Candlestick k high per place kara aur jab Take Profit next support level per place Karen.
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Re: How to trade with Shooting Star Candlestick Pattern in forex trading?

Shooting Star Candle

Jab kisi assets ki prices aik timeframe k dowran bullish ja kar wapis bearish a jati hai, apne open price k qareeb close hoti hai to iss sorat main banne wali candle aik shooting star candle hoti hai. Shooting Star Candle k upper side par aik long shadow hota hai, jo k uss k real body ka taqreeban dugna banta hai. Candle ki real body zarror honi chaheye, jo k black and white koi bhi color me ho sakti hai. Shooting Star Candle k banne k pechay ki psychology kuch yon hoti hai, k prices bearish trend ya high area mae hone ki waja se achanak buyers ki pressure ki waja se mazeed bullish jane ki koshash karti hai, jab k selling pressure ki waja se wo is position ko barqarar nahi rakh pati hai.

Candle ki Pehchan k Rules

1. Shooting Star Candle prices k top me banti hai, q k bottom par banne ki waja se ye inverted hammer candle ban jati hai.
2. Candle ki upper aide par aik long shadow hota hai, jo k real body ka taqreeban dogna ya uss se ziada hota hai.
3. Candle ki real body shadow k muqabele me bohut small size ki hoti hai, lekin open aur close prices la same point par nahi hona chaheye, nahi to ye "Gravestone doji candle" ban jayegi.
4. Candle ki color koi bhi ho ye candle ki hasseyat par koi asar andaz nahi hota. Ye candle top price me hone ki waja se bearish trend reversal ka kaam karti hai.

Explanation

Shooting star candle k real body ka open aur close aik nahi hota, iss waja se candle ki aik real body zaror hoti hai. Candle ka shadow uss ki real body ka taqreeban dogna hota hai, jab k lower side par candle ki shadow nahi honi chaheye, agar small wick ban jaye to acceptable hai, lekin ziada long na ho iss se candle "Spinning top candle" ban jati hai. Candle ki real body bullish ya bearish dono sides main se koi bhi ho candle k specification uss se asar andaz nahi hote lekin candle ka top price main hona aur upper side par aik lambay saye ka hona zarori hai.

Candle par Trading

Shooting Star candle long upper shadow k sath aik small real body main hoti hai, jiss se market main buyers ki mazboti ka indication melta hai. Ye candle single candle pattern hone ki waja se ziada reliable nahi hai, iss waja se pattern par trading se pehle prices k leye agli bearish candle ka intezar karen ya dosre trend following indicator ka istemal karen. Jiss se trend confirm ho aur ziada loss ka khatra na ho, entry point candle k baad banne wali bearish candle hogi.