how to identify shooting star candlestick pattern:

Assalamualaikum I hope you all are fine and doing well on forex trading.aj ki post mein shooting star candlestick pattern key bary mein knowledge share krein gy.




Shooting Star Candlestick Pattern:

Dear members Shooting star candlestick patterns aek reversal candlestick pattern hota hay. Ju hmein ko market main aek strong uptrend key bad available hota hay. Aur jb market ka trend uptrend sy downtrend ki trf change ho rha hota hay . Es candlestick ko completely study krna ho ga . Nai tu ap ke analysis galat ho sakta hay .





Identification:

Forex friends candlestick ko carefully maloom mean talash krna ap key leay eham hota hay. Aur ap es candlestick pattern ko asanii sy identify kar sakty hain . Yeah candlestick pattern siraf aekk candlestick per depend kar rha hota hay . Es candlestick main ap ko aek esey candlestick milte hay . Jis key Shadow body sy candlesticks zyada hoti hay .

What is SL:

Dear members agar ap forex trading main is pattern ko study kar key market main enter hoty hay. Tu ap ko hmeesha last closing candlestick key wick point to ap Stop Loss set krna chaheay . kun k agar market wick level ko break kar jati hay . to phir market further upwards ja skti hay .





Study Market:

Dear members agr ap successful trading krna chahty hay. to ap ko mukhtalif qisam key analysis par complete study krna ho ge.Aur jb ap market ko achi tra judgement krty hain. to ap bahot zayda advantages available hoty hain . es liye ap ko agr best entry lne hay. to ap apny analysis strong krny hon gy . Analysis Krny k liye knowledge ka Hona bht zaruri hay.

Re: How to identify Shooting Star Candlestick Pattern:

Assalamu Alaikum Dosto!

Shooting Star Candle

Shooting star candle price chart par uss waqat banta hai, jab bhi prices aik timeframe k dowran bullish ya uptrend jane k baad resistance level ko touch karti hai, lekin candle k ikhtetam par prices wapis bearish ja kar aik small real body banati hai. Ye candle prices k top main bullish trend k dowran banti hai, jiss k upper side par long shadow ya saya hota hai. Jab bhi bulls market ko ooper ki taraf push karte hen, lekin low demand ki waja se jab wo aisa karne main nakam rehte hen, to uss sorat main aik shooting star candle create hoti hai.

Candles Formation

Shooting star candle aik single pattern candle hai, iss waja se ye candle dono color ya pattern main ho sakti hai. Ye candle prices k bullish trend main banne par market k bearish trend reversal ka sabab banti hai. Candle ki tafseel darjazeel hai:



Shooting Star Candle: Shooting star candle high prices ya bullish trend main banta hai, lekin bearish trend reversal honne ki waja se ye candle aik bearish candle shumar ki jati hai. Ye candle aik small real body main hoti hai, jiss k upper side par aik long shadow hota hai, jo k real body ka taqreeban dugna banta hai.

Explanation

Shooting star candle price chart par low demand banne ki sorat main banti hai, jab bhi prices bullish trend ko mazeed upward side par reject karti hai. Ye candle aik muntakhib karda timeframe main pehle bullish jata hai, jo sabeqa bullish trend ki alamat hoti hai, jab k baad main assets ki demand main kami hone ki waja se prices wapis bearish move kar jati hai, jiss se ye candle aik small real body k sath close ho jati hai. Candle k upper side par aik lamba shadow ban jata hai. Candle ka lamba saya ya shadow prices k trend reversal ki alamat hoti hai, jo aik new bearish trend ka aghaz karti hai.

Trading

Shooting star candle price chart k top ya bullish trend main hone ki waja se aik bearish signal deti hai. Candle k baad next bearish candle ka hona zarori hai, jiss se prices k trend reversal ki confirmation ho jati hai, jab k bearish candle ka shooting star candle k baad downside par bhi close hona chaheye. Trend confirmation indicator se karna ho to RSI, CCI indicators aur stochastic oscillator par value overbought zone main hona chaheye. Lekin agar confirmation candle aik bullish candle banti hai, to market main entry nahi karni chaheye. Shooting star candle par buy ka trade open hoga, jab k Stop Loss candle k sab se upper position ya resistance level se two pips above set karen.