Importance of ""Shooting 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. Dear traders forex trading ak risky business ha, is man traders ko bhot losses hota han, isliye forex ko acha sa seekh ker karen.

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, is pattern man first candle Shooting Star Candlestick banti ha jiski waja sa market trend reverse ho ker price man tazi sa decrease ana start ho jata ha. Ye pattern tamam timeframes man work kerta ha.



Structure and Identification of Shooting Star Candlestick Pattern:

Shooting Star Candlestick Pattern per trading ak single candlestick per moshtamil ak bearish candlestick pattern ha, jo price chart man 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, jo buyers aur sellers k dermiyan indecision ko batati ha.

Note: Ager Shooting Star Candlestick bearish ki banna aur upper long wick real body k double ya double sa b bari ha to is signal ko strong consider kiya jata ha.

ii. Is pattern man second candle Day-2 ki long real body ki bearish candle banti ha, jo Shooting Star Candlestick ki real body k sath gap-down man banni chaheye.



Trade with Shooting Star Candlestick Pattern:

Shooting Star Candlestick Pattern ak more accurate pattern ha, jis per trader kerna k liye trader ko is pattern k complete hona wait kerna chaheye. Jab ye pattern complete ho jae to new candle k oper per trader ""Sell ki Trade"" active ker sakta ha.

vBulletin [video]

Shooting Star Candlestick Pattern ak strong pattern ha lakin forex man koi b pattern 100% accurate na hona ki waja sa market ki reverse movement ko mind man rukhta howa small ""lotsize"" ko select kerna chaheye.

Stoploss and Take Profit:

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 kerna chaheye.

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Re: Importance of ""Shooting Star Candlestick Pattern"" in forex trading....

Assalamu Alaikum Dosto!

Shooting Star Candlestick

Shooting star candlestick sirf prices ya market k top par nazar ata hai. Agar aap daily chart par iss ko candle ko dekh lete hen, to yeh mumkin hai keh yeh candle minor prices k up-trend se reversal jane ki warning degi. Agar shooting star candlestick aik barray real body k candle k baad banti hai, to yeh aam tor par aik strong message hota hai, k iss k baad price high level ya bullish trend ko barqarar nahi rakh sakti hai. Price chart par jab bhi shooting star candlestick banti hai, to uss k baad stock ya assets ki value mein taizi se kami honi chahiye. Jab bhi aik bullish trend k dowran aik din k aghaz par prices pehle upward jati hai, lekin baad main wapis apne aghaz wale position k qareeb a kar close ho jati hai, aik shooting star candle tarteeb deti hai, jiss ka aik small real body k sath upper side par aik lamba shadow hota hai.

Candles Formation

Shooting star candlestick k leye prices k top trend ya bullish trend main hona zarori hai, jab k ye candle bullish trend main akhari candle honi chaheye, jiss ki small real body k sath upper side par aik lamba saya hota hai. Candle ki price chart par darjazel tarah se formation hoti hai;



Shooting Star Candle: Shooting star candlestick aik small real body wali long upper shadow ki candle hoti hai. Ye candle prices k top par banti hai, jiss se market mumkina tawar par trend tabdeel karti hai. Normal price chart par ye candle aik neutral candle hi tasawar hogi, sewaye prices k top par banne k.

Explanation

Shooting star candlestick aik strong indication deti hai, k stock, assets ya currencies k maojooda bullish trend ab yahan par end hone wala hai, jiss se prices ki agli candles bearish trend ki banna shoro hoti hai. Shooting star candles prices k top par aik small real body k sath upper side par long shadow banati hai. Ye candle bullish trend ko mazeed upward jane se rokh kar market k inverse signal deta hai. Ye candle long timeframes main ziada moasar hoti hai, jab bhi kisi stock ya assets ki prices indicator par overbought zone main chali jati hai. Candle ka upper shadow real body k muqabele main dugna ya uss se ziada hona chaheye. Candle k lower side par koi shadow nahi banna chaheye, lekin agar banta bhi hai, to ye real body se size main ziada nahi hona chaheye.

Trading

Shooting star candle normal price chart par koi khas reaction nahi dekhata hai, lekin jab bhi ye prices k top ya bullish trend main banta hai, to ye mumkina bearish trend reversal ka kaam karta hai. Ye candle traders k leye aik bearish signal deta hai, jiss par sell ki entry ki ja sakti hai, jab k dosre technical indicators par iss ko istemal karne par, indicator ka value overbought zone main hona chaheye. Ye candle aik single candle pattern hai, iss waja se trend confirmation k leye bearish real body ki candle k baad hi market main entry karen. Bearish candle ka lazmi shooting star candle k baad lower par close honi chaheye, jab k candle par stop loss ka bhi zaror istemal kia jana chaheye. Stop Loss candle k sab se top position ya shadow k high price se two pips above set karen.