How to trade with ""Hanging Man Candlestick Pattern"" in forex trading?

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    How to trade with ""Hanging Man 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 trading ko acha sa seekh ker karen.

    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. 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, jo traders ko safe trade entry aur trade exit levels ko identify ker k deta ha. Isliye forex trading man trader kisi b currency pair ya commodity ko buy/sell kerna k liye candlestick patterns per depend kerta ha.

    Hanging Man Candlestick Pattern:

    Hanging Man Candlestick Pattern ak single candlestick bearish trend reversal candlestick pattern ha, jo currency pairs aur commodities k price chart man long bullish trend k top per resistance level per banta ha aur iska complete hona ka bad price bhot tazi k sath fall kerti ha. Ye pattern simple hona ki waja sa new traders k liye seekhna k liye asan ha aur price chart man commonly banna wala pattern b ha, jisko seekh ler daily basis per 20 to 50 pips liye ja sakta han. Ye pattern tamam timeframes man work kerta ha.

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    Intraday traders ko ye pattern small timeframes M-5, M-15, M-30 aur H-1 man watch kerna chaheye aur Long-term traders ko ye pattern bara timeframes H-4, D-1 aur W-1 man watch kerna chaheye.

    Structure and Function of Hanging Man Candlestick Pattern:

    Hanging Man Candlestick Pattern ak bearish candlestick pattern ha, jo price chart man sirf resistance level per ban ker work kerta ha.

    Candlestick#1:

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

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    Note: Hanging Man Candlestick ki lower wick real body k double sa bari honi chaheye aur jitni wick long aur candle bearish ki banna gi to isko strong signal consider kia jata ha.

    Confirmational Candlestick:

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

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    Trading with Hanging Man Candlestick Pattern:

    Hanging Man Candlestick Pattern per secure trading k liye zarori ha k trader is pattern k complete hona aur valid hona ki confirmation ka wait kara, jab pattern ki confirmation ho jae to new candle k open per ""sell ki trade"" active kerni chaheye. Trade active kerna sa pehla lotsize ki selection k doran money aur risk management ko lazmi follow kerna chaheye.



    Stoploss and Take Profit:

    Hanging Man Candlestick Pattern per trading k doran trader ko stoploss Hanging Man Candlestick ki high k oper 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: How to trade with &quot;&quot;Hanging Man Candlestick Pattern&quot;&quot; in forex trading?

    Assalamu Alaikum Dosto!


    Hanging Man Candle Pattern


    Hanging man candle bhi "shooting star, hammer candle aur Inverted hammer candles" ki tarah single pattern candle hai jo k "Umbrella Family" se taluq rakhti hai, ye candle bearish trend reversal pattern k tawar par kaam karti hai, jo k top trend par bantta hai. Hanging man candle main candle ki ek small real body body hotti hai, jis k lower side par ek long wick hotti hai. Hangging man candle ki real body ki nisbbat candle ki wick double hotti hai, jo k prices ka bearish trend par temporary movement stop kartti hai. Hangging man candle ki real body bearish ya bullish dono ho saktti hai. Yanni is candle main color ki koi khas ahmeyat nahi hai, lekin candle ki position bohut zarrori hai, jo k prices ka top hona chaheye.

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    Candle Formation


    Hanging man candle lazmi prices k top par hona chaheye, iss candle ki position ko lazmi made nazar rakhna chaheye, q k is ki position prices k reversal ka kaam kartti hai, jab k color candle ka koi bhi wo zarorri nahi hai;

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    Hanging Man candle dono color ya types yanni bullish (white or green) aur bearish (black or red) ho saktti hai. Candle ki aik small real body hotti hai, jis ka lower side par aik lamba shadow ya tail hotti hai. Upper side par chotti se wick acceptable hai lekin ziadda lamba na ho, q k pher ye candle Spinning top candle ban jayeggi.

    Explanation


    Hanging man candle small real body wali aik bearish trend reversal candle hai, jis k lower side par aik ling shadow hoti hai. Ye candle dekhne main same "Hammer Candle" jaisi hotti hai lekin ye top trend main bantti hai. Hammer candle prices ka bearish trend reversal ka sabbab bannti hai. Ye candle aik small real body k sath a long lower shadow par mushtamil hotti hai, jis ka shadow taqreebban body ki nisbat double k barabbar hotta hai. Hanging man ki candle bullish ya bearish dono types ki ho saktti hai, jab k upper side candle ki small wick to acceptable hai lekin ziadda lamba na ho, q k iss se candle Spinning top candle ban sakti hai.

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    Trading


    Hanging man candle k banne k pechay ki kahani sellers ki market main prices ko downward push karne ki koshash kartti hai, lekin waqtti buyers pressure ki wajja se prices wapis bullish ja k candle ki aik small body main close hotti hai. Hanging man candle sellers aur buyers ki pressure ki waja se candle k down side par aik long shadow ban jata hai. Hanging man candle market main sellers ki dilchaspi battati hai, is waja se ye area trading k leye perfect hai. Market main entry karnne se pehle hanging man candle ka timeframe aur position ziadda aham hai, aggar long timeframes par ye candle bantti hai, aur prices bhi top trend par trade kar rahi ho to ye position confirmation candle k baad sell k leye thek raheegi. Confirmation candle ka bearish honna zarorri hai, q k ye trend reversal ka kaam kartti hai. Stop Loss pattern k sab se top position ya hanging man candle k upper side se aik do pips upper pe set karen, jo prices k leye resistance level ka kaam karega.

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