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

Assalamu Alaikum! Dear seniers and juniers, umeed ha k ap sab kheriat sa hon ga.

Shooting Star Candlestick Pattern:

Shooting 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. Ye pattern tamam timeframes man acha sa kam kerta ha.

Structure of Shooting Star Candlestick Pattern:

Shooting Star Candlestick Pattern single candlestick per moshtamil ak bearish candlestick pattern ha, jo resistance level per banta ha.

i. Is pattern man first candle Day-1 ki small real body ki bullish/bearish candle banti ha, jiska upper wick long aur lower wick smaller ya zero hota ha. Is candle ko ""Shooting Star Candlestick"" kehta han. Ye candle buyers aur sellers k dermiyan indecision ko batati ha.

Note: Shooting Star Candlestick ki upper wick real body k double sa bari honi chaheye. Star Candlestick ager bearish ki banna to isko strong signal consider kia jata ha.

ii. Is pattern man second candle Day-2 ki long real body ki bearish candle banti ha, jo is pattern k complete hona ki confirmation deti ha.

Validation and Confirmation:

Shooting Star Candlestick Pattern ager resistance level per banna to valid consider kiya jata ha.

Shooting Star Candlestick Pattern per secure trading k liye zarori ha k trader is pattern k sath indicators (Relative Strength Index Indicator) ko combination man use kara.

Jab Shooting Star Candlestick Pattern ki formation ho rahe ho to us waqt RSI line 70 k level sa oper Overbought area man honi chaheye, jo is pattern ki valid hona ki confirmation deta ha. Jab ye pattern complete ho jae to us waqt RSI line 70 k level ko cross down ker chuki ho, ye is pattern per right time per trade entry ki confirmation deta ha.

Trading with Shooting Star Candlestick Pattern:

Shooting Star Candlestick Pattern per secure trading k liye zarori ha k trader os pattern per lotsize ki selection account balance k sirf 5% risk sa kara.

Shooting Star Candlestick Pattern k complete hona per trader ko new candle k open per ""sell ki trade"" active kerni chaheye.

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Stoploss and Take Profit:

Shooting Star Candlestick Pattern ak 90% accurate pattern ha, lakin forex market man koi b pattern 100% accurate nahe ho sakta is liye market price ki reverse movement sa hona wala loss ko monimize kerna k liye Stoploss aur Take Profit ko lazmi use kerna chaheye. Shooting Star Candlestick Pattern per trading k doran trader ko stoploss Shooting Star Candlestick k high per place kerna chaheye aur Take Profit ko next support levels per Tp-1, Tp-2 aur Tp-3 ker k place karen.

Jab trade tp-1 ko hit kara to is per trader ko half trade ko close kerna chaheye aur stoploss ko entry level per ker dena chaheye. Jab price Tp-2 ko hit kara to is per trader ko mqzeed half trade ko b close ker dena chaheye aur stoploss ko tp-1 per place kerna chaheye. Jab trade tp3 ko hit kara to complete trade ko close dena chaheye.
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Re: How to trade with ""Shooting Star Candlestick Pattern"" in forex trading?




What Is Shooting Star Candlestick Pattern..


forex market me (meteorite candle) ko Bearish Pattern b kehtay hn, in light of the fact that for the most part ye flame long upturn ko Bearish pattern men convert ker deti ha. Ye flame generally lengthy upturn k top per opposition level per creat hoti ha aur es ki creation ke baad downtrend start ho jata ha.(Meteorite Candlestick) bullish aur negative the two sorts ki ho sakti hain. however, both condition me bullish pattern k end honay and negative pattern k beginning ko anticipate krty hn. aur hooting star candle ki genuine body more modest hona must ha. Yah ek tiny flame hoti hai jo ke meteorite candle design ke start mein banti hai aur isko ham meteorite light kehty hin ..


Step by step instructions to Predict Shooting Star Pattern.


Meteorite candle 1 vital candle design hai isliye hamen isko recognize karna extremely essential hai aur jb tak ye design clear na ho jaye aur iski affirmation na ho jaye os time tk brokers ed per exchange dynamic nahin kar saktey. hamen above all else pattern kiconfirmation leni chahie and after that dealers ko exchange dynamic krni chahye.Falling star candle hamasha long upturn k top per show hota ha aur candle ki upper wick long hoti ha aur lower wick zero ya more modest hoti ha. Upper long wick purchasers ki power jo long-lasting se solid tension me that yet presently venders ki section ki waja se purchasers ki power feeble ho gya ha. eski mazeed affirmation k leye specialized pointers ko bhi use kiya ja sakta h.


Trading With Shooting Star Candle Pattern.

Falling star Candlestick k baad next flame poke negative me close hoti ha to new candle k open per dealer ko Sell ki Trade open kerni chaheye. jb new light past candle ke lower ko break nahin karti hai tab tak merchants ko market mein passage Nahin leni chahie.because jb eski affirmation os waqt hoti hai hit market mein next candle past flame ke low-level ko break kar jati ha aur osky baad dealers ko pattern ki affirmation mil jati ha.


Stop Loss And TP Policy


jb pattern ki affirmation ho jaye aur sell exchange place kr li jaye phir meteorite candle k undeniable level ya os se a few pips up side ka stop misfortune place kiya ja sakta ha jo exchange me 1 safe way ha.Take Profi ko next help levels per place kiya ja sakta hay..

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

Assalamu Alaikum Dosto!

Shooting Star Candlestick

Shooting star candlestick aik bearish trend reversal candle hai, jo prices ya bullish trend k akher main namudar hoti hai. Candle ka open, close aur low price aik dosre k qareeb hote hen, jiss se candle ki aik small real body banti hai, lekin candle ka upper prices bohut zyada ooper hone ki waja se candle k upper side par aik lamba shadow ban jata hai. Candle k lower side par aik small si wick acceptable hai, jo bohut ziada lamba nahi hona chaheye, jiss se iss candle ki shape change hone ka khadsha ho, lekin agar lower side par shadow ya wick nahi banta hai, to uss waqat ye aik strong candle react karti hai. Ye candle bearish trend main banne wali inverted hammer candle jaisi hoti hai, lekin dono ka banne wala prices zone change hota hai.

Candles Formation

Shooting star candlestick candle prices k top main supply aur demand k radu-badal k natijay main wajood main ati hai. Ye candle aik strong reversal k leye jani jati hai, jo k upward side main kisi bhi color ki real body main ho sakti hai. Candle ki formation darjazzel tarah se ho sakti hai;



Hammer Candle: Shooting star candlestick agar prices k top main banti hai, to ye bullish ya bearish dono main se jiss color main bhi ban jaye, lekin essey aik bullish candle hi tasawar ki jati hai, q k ye point trend reversal ki position ho sakti hai. Candle k leye prices k position zarori hai, color nahi hai. Candle ki small real body k upper side par aik lamba saya hota hai.

Explanation

Shooting star candlestick aik strong bearish trend reversal candle ka kaam karti hai, agar ye candle bullish trend k baad banti hai. Ye candle aik timeframes k dowran prices ka apne aghaz wale position se pehle higher jana aur baad main wapis lower ja kar apne aghaz wale price k qareeb band hota hai, iss amal se candle k upper side par aik lamba shadow ban jata hai, jab k candle ki aik small real body banti hai. Candle ki real body lazmi honi chaheye, yanni candle k open aur close prices same price par nahi hone chaheye, jiss se ye candle gravestone doji candle main bandalne ka khadsha ho. Ye candle prices k bullish trend ka khatma karti hai, jiss se prices new bearish trend par move karna shoro karti hai.

Trading

Shooting star candlestick price chart par buying pressure ko khatam karta hai, jahan se market sellers k control main chala jata hai. High prices area aur long timeframes main ye candle aik positive response deti hai. Candle par market main buy ki entry ki ja sakti hai, lekin single candle hone ki waja se trend confirmation ka hona zarori hai. Candle k baad aik bearish candle ka hona zarori hai, jo k candle k bottom par close honi chaheye. Lekin bullish candle banne ya bearish candle agar iss candle k upper par close hoti hai, to uss sorat main entry nahi karni chaheye. Shooting star candle ki confirmation indicators jaise, CCI, RSI, MACD indicator aur stochastic oscillator se bhi ki ja sakti hai, jiss par value overbought zone main honi chaheye. Stop Loss candle k sab se higher price se two pips above set karen.

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

Shooting Star Candle

Shooting Star Candle aik single candle hai, jo k dekhne me same Inverted hammer candle ki tarah hai, lekin ye prices k top me paye jati 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, lekin market main sellers active hone ki waja se ye wapis nechay a jati 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 bhi long shadow candles (Inverted hammer, hammer candle aur hanging man candle) ki tarah aik small real body ki candle hai jiss ka upper side par aik long shadow hota 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 main se koi bhi ho candle k specification uss se asar andaz nahi hote lekin candle ka top price main hona zarori hai.

Candle par Trading

Shooting Star Candle bottom area ya high price area me hone ki waja se bearish trend reversal ka kaam karti hai. Ye 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.

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

Shooting Star Candle Kia Hai?

Shooting star candle prices k top main bullish trend main banti hai, jiss k baad bearish trend reversal ho jata hai, to iss waja se ye candle kisi bhi color main ho sakti hai, lekin agar ye bearish ban jaye to ye bearish trend reversal pattern se ziada mutabeqat rakhti hai. Price chart pattern par baaz awqat single candles bhi dosre candlestick charts pattern ki tarah k asarat rakhte hen, jab bhi ye candles prices k top ya bottom par bante hen. Shooting star candle bhi aik single candle pattern hai, jo k prices k top ya bullish trend main banti hai. Shooting star candle k aik small real body hoti hai, jiss ka upper side par aik lon shadow banti hai. Ye shadow Shooting star candle ki real body ka taqreeban dugna ya uss se ziada hota hai. Shooting star candle ki real body k lower side par koi wick ya shadow nahi banta hai, yanni candle ki real body ka lower aik "Bozu" candle hoti hai, lekin agar aik small wick ban bhi jaye to bhi acceptable hai, lekin bohut ziada lamba na ho jiss se candle ki hososeyat tabdeel ho jaye. Shooting star single candle honne ki waja se ye zarori nahi hai, k dosre patterns k tarah ye candle lazmi kisi aik color main ho. Shooting star candle bullish trend main ya high price main banti hai.

Shooting Star Kaam Kese Karta Hai?

Shooting star candle jo k prices k top aur bullish trend k baad banne par brearish trend reversal pattern ka kaam karta hai, inverted umbrella family se taluq rakhni wali aik single pattern candle hai. Ye candle aik small real body, jiss ka open aur close same nahi hona chaheye, k sath upper side par aik long shadow rakhti hai. Candle ka shadow real body ka taqreeban dugna ya uss se ziada hota hai. Candle k real body k lower side par aik small si wick to acceptable hai, lekin ziada lengthi nahi hona chaheye, jiss se candle ki hososeyat par faraq par jata ho, lekin bagher lower shadow ki ye candle ziada perfect hoti hai. Shooting star candle ki real body bullish aur bearish dono tarah se ho sakti hai, issi waja se candle k leye color ka hona zarori nahi hai, lekin iss ki position ziada zarori aur aham hai.

Shooting Star Ka Istemal Kese Kia Jata Hai?

Shooting star candle jo dekhne main aik inverted T jaise lagti hai, prices k top ya bullish trend main banne par bearish trend reversal pattern ka kaam karti hai. Ye candle bearish trend ya low prices par banne wali Inverted hammer candle ki tarah hi hoti hai, lekin prices ki position change hoti hai. Shooting star candle ki inverse Hanging Man candle hoti hai, jo k same bullish trend main bearish trend reversal pattern ka kaam karti hai. Shooting star candle par trade entry se pehle iss ki bullish trend ya top prices position ka hona bohut ziada zarori hai. Ye aik single pattern candle hone ki waja se trade k leye bohut riski hai, iss waja se aik bearish confirmation candle ka hona zarori hai, trader next bearish candle par market main sell ki entry kar sakte hen. Stop loss candle ki sab se upper position ya candle ki shadow k top se two pips above set karen.