How to trade with Piercing Line Candlestick Pattern in forex trading?

Assalamu Alaikum! Dear Friends,

Forex trading main trader Kisi bhi currency per ya commodity ko bye sel karne ke liye sabse pahle pass prices ka technical analysis karta hai. Technical analysis ke liye trader market price chart ko read karta hai aur market price ki moment ko samajhne ki koshish karta hai. Price chart patterns may changes, momentum aur price ke trend mein change Koi Qureshi ke sath identify karta hai. Candlestick patterns currency pair aur commodity ke price chart mein market price ki moment ko track ker k trader ko safe trade entry aur trade exit levels ko identify ker k deta hai.

Piercing Line Candlestick Pattern:

Piercing Line Candlestick Pattern ek police trend reversal candlestick pattern hai, currency pairs or commodity ke price chart mein long bearish trend k bottom par banta hai. Yah pattern market price mein increase ko identify ker k deta hai jis per trader buy ki trade active kar sakta hai.

Banawat:

Piercing Line Candlestick Pattern two candles par mustamel ek bullish candlestick pattern ha, Jo currency pairs or commodity ke price chart mein strong support level per banta hai.

I. Is pattern mein first candle long real body ki bearish candle banti hai, jo market per seller ki strong position ko show karti hai.

II. Is pattern mein second candle normal real body ki bullish candle banti hai, jo first candle ki low k sath gap-down mein open ho kar apna close first candle ki real body ke 50% se upar deni chaheye, jo is pattern k valid hona ki confirmation ha.



Confirmational Candlestick:

Piercing Line Candlestick Pattern ki confirmation ke liye 4th candle bahut important hai, agar 4th candle first candle ki high ke upar close de to yah is pattern ke complete hone ki confirmation hai.



Validation and Confirmation:

Piercing Line Candlestick Pattern kevalid hone ke liye jaruri hai ki yah pattern price chart mein support level per banna.

Piercing Line Candlestick Pattern trading karne ke liye trader ko relative strength index indicator ko combination mein use karna chahiye.



Trading with Piercing Line Candlestick Pattern:

Piercing Line Candlestick Pattern per trading ke liye zarori hai ke traders pattern k complete hone ka wait karen jab yah pattern complete ho jaaye to new candle k open per trader ko sell ki trade active karni chaheye.

Stoploss and Take Profit:

Piercing Line Candlestick Pattern per trading k trader ko stoploss first candle ki lo ke neche place karna chahiye aur take profit ko next resistance level per place karna chahiye.

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Re: How to trade with Piercing Line Candlestick Pattern in forex trading?

Piercing Line Pattern

Introduction

Piercing Line Pattern ka shumar bhi trend reversal pattern me hota hai, jis me do (2) opposite colour (black and white) k candles shamil hote hen. Piercing line pattern aik strong bullish reversal pattern hai, jo k dark cloud cover pattern (bearish reversal) ka opposite hai. Piercing line pattern me dosri (2nd) banne wali white candle (bullish) ki real body pehle (1st) black candle ki real body k wast (midpoint) me ya us se thore uper hese me close hoti hai. Piercing line candlestick pattern prices k bottom par ya bearish trend main banta hai, jo k do candles par mushtamil hota hai, jiss main pehli candle aik real body wali bearish candle hoti hai, jiss k baad aik bullish candle hoti hai, jo k pehli candle close point se gap main open hoti hai. Pattern ki dosri candle pehli candle k nechay gap main open ho kar ussi k midpoint k ooper close hoti hai.

Pattern k Pehchan k Rules

1. Piercing line pattern tab reversal pattern hoga jab market ki qeematen pehle se hi low price area ya bearish trend me hongi.
2. Pehli candle lazmi black yani bearish candle hogi, jo k bearish ya downward trend ki akasi karti hai.
3. Dosri (2) white candle ki opening position black candle k closing position se nechay gap me hogi (jo market me mandi ki nishan-dahi karti hai), jab k closing position black candle k midpoint ya us se thora sa oper hona chaheye.
4. Black and white dono candle ki real body ka hona zarori hai, agar candles ki wicks banti bhi hai to wo real body ki nisbat length me bohut kam honi chaheye.

Pattern ki Tafseel

Piercing line pattern aik strong bullish reversal pattern honi ki waja se, ye hamesha low price area ya bearish pattern k baad banta hai. Ye pattern matket me mojoda bearish pattern k khatme aur new bullish pattern k aghaz ki taraf ishara karta hai.
Jab bhi low pricing area ya bearish trend k akhari black candle k aik white candle aise banti hai, k is ka open black candle k close position se lower gap me shoro ho jaye aur closing position black candle k midpoint ya us se oper ho jaye, to ye aik bullish reversal Piercing line pattern kehlayegi. Is candle stick pattern me do candles yani black aur white candle ka hona zarori aur is k sath sath candles ki real body bhi honi chaheye. Agar candles ki whicks banti hai to ye length me real body se bohut kam honi chaheye. Note:White candle ki real body ki closing position black candle ki real body k midpoint ya us se oper hona chaheye, wick yani saye ki position nahi. Ye pattern prices k bottom ya bearish trend main banne ki waja se prices ko mazeed nechay jane se rokti hai. Ye pattern same to same dekhne main ulta "Bullish Belt-Hold Line Candlestick Pattern" ki tarah hota hai, lekin dosri candle ki real body k lower side par bhi wick ya shadow hota banti hai. Piercing line pattern ki dosri candle aik bari real body wali hoti hai jo k pehli candle ki real body main close hoti hai, lekin iss ko candle ko pehli candle k open point k baad ya ooper close nahi hona chaheye.

Trading ka Amal

Bazahir to Piercing line pattern aik bullish reversal pattern hai, lekin trading me entry k leye sirf is pattern ka banna zarori nahi hai. Piercing line pattern banne k bad aik confirmation candle ka hona bhi zarori hai. Agar 3rd candle bhi white real body candle banti hai, to ye bullish reversal pattern ka confirmation signal de rahi hoti hai. Is position pe market me entry ki ja sakti hai. Market me entry k sath stop loss ki position bhi set karna zarori hota hai, is waja se pattern me banne wali black & white candles ki opening position stop loss ki position hogi. Trend reversal pattern par trading trend continuation patterns ki nisbat ziada riski hoti hai, iss waja se pattern par trading se pehle market main aik bullish ya white candle ka hona zarori hai. Jiss ki real body honi chaheye, jiss main open aur close same point par na ho. Agar pattern k baad bearish candle banti hai, to ye pattern invalid ho jayega, jiss par entry nahi karni chaheye.