How to trade ""Homing Pigeon 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, jo price chart man trader ko safe trade entry aur trade exit levels ko identify kerta ha. Isliye forex trading man trader kisi b currency pair ya commodity ko buy/sell kerna k liye candlestick patterns per depend kerta ha.

Homing Pigeon Candlestick Pattern:

Homing Pigeon Candlestick Pattern ak bullish trend reversal candlestick pattern ha, jo currency pairs aur commodities k price chart man long bearish trend k bottom per support level per banta ha.

Identification of Homing Pigeon Candlestick Pattern:

Homing Pigeon Candlestick Pattern two candles per moshtamil ak bullish candlestick pattern ha, jo support level per ban ker valid trade signal deta ha.

1. Is pattern man first candle Day-1 ki long real body ki bearish candle banti ha, jo market per sellers k strong hold ko show kerti ha.

2. Is pattern man second candle Day-2 ki normal real body ki bearish candle banti ha jo first candle ki real body k ander banti ha.

3. Is pattern man third candle Day-3 ki long real body ki bullish candle banti ha jiska close first candle k high k oper hona chaheye.

Trading with Homing Pigeon Candlestick Pattern:

Homing Pigeon 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 '"buy ki trade"" active kerni chaheye.

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Stoploss and Take Profit:

Homing Pigeon Candlestick Pattern per trading k doran stoploss ko first candle ki low per place karen aur Take Profit ko next resistance levels per Tp-1, Tp-2 aur Tp-3 ker k place karen.
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Re: How to trade ""Homing Pigeon Candlestick Pattern"" in forex trading?

Homing Pigeon

Homing Pigeon pattern do (2) candles par mushtamil aik bullish trend reversal pattern hai, jab ye bearish trend ya low price area me paya jata hai. Ye pattern bearish trend continuation (tasalsul) ka bhi kaam karta hai, agar ye pattern market k qeematon k darmeyan me paya jaye to. Pattern me shamil dono candles black hoti hai, jis me 1st candle aik bari real body wali hoti hai, jab k 2nd candle aik small real body wali hoti hai. Pattern ki khas baat ye hai k is me 2nd candle 1st candle k real body k bulkul mid (center) me banti hai. Ye pattern bullish trend me banne wale descending hawk pattern ka opposite direction me banta hai, jo k aik dosre ka olat patterns hen.



Pattern ki Pehchan k Rules:

1. Bullish Homing Pigeon aik bullish reversal pattern hoga agar ye pattern low price area ya bearish trend k baad banta hai.
2. Pattern agar market k qeematon k darmeyan me banta hai to ye bearish trend continuation pattern ka kaam karega.
3. Pattern do (2) same black candles par mushtamil hota hai.
4. Pattern ki 1st candle aik bari black real body wali bari candle hoti hai, jo prices k mojoda bearish trend ki alamat hoti hai.
5. Pattern ki waja 2nd candle small black real body wali hoti hai, jo prices k leye aik muzahemat (resistance) ka kaam karti hai.
6. Pattern ki 2nd small black candle 1st black candle k bulkul midpoint (center) me banti hai.

Pattern ki Tafseel:

Bullish Homing Pigeon pattern aik aisa pattern hai, jo k trend reversal ka kaam bhi karta hai aur trend continuation ka bhi. Agar ye pattern low price me banta hai to ye bullish trend reversal ka kaam karta hai, jab k qeematon k darmeyan me banne par ye bearish trend k tasalsul ka kaam karta hai.
Homing Pigeon pattern me do black candles hoti hai, jis me shamil 1st black candle aik bari real body wali hoti hai, aur us k baad banni wali 2nd black candle aik small real body wali hoti hai. 2nd black candle ki open aur close 1st black candle ki open aur close se kam hoti hai. Yani 2nd black candle 1st black candle k real body me open bhi hoti hai aur close bhi. Isi tarah se 2nd black candle ki high aur low price bhi 1st black candle k high aur low price se kam hota hai.



Pattern pe Trading:

Bullish Homing Pigeon pattern pe dono (buy aur sell) tarah se trading ho sakti hai. Pattern pe trading se pehle humen is pattern ki market me position malom karni hogi. Agar Homing Pigeon pattern market ki darmeyan me banta hai to ye bearish trend k continuation ka kaam karega, is waja se traders ko yahan pe "sell" ki entry karni chaheye, lekin agar ye pattern low price area me banta hai to is position pe traders ko "buy" ki entry karni chaheye.
Pattern pe trading se pehle confirmation signal ka hona zarori hai, is waja se traders ko 3rd candle ka intezar karna chaheye. Market me buy ki entry k leye 3rd candle "white" hogi, jab k sell ki entry k leye 3rd candle "black" hogi. Buy signal pe stop loss 1st black candle k lowest side pe hoga, jab k sell ki entry k lye 1st black candle k highest price pe hoga.