Hammer candlestick pattern in Forex trading .

Definition:

Hammer candlestick Pattern takneeki tajzia mein taizi se ulatnay wala Pattern hai. yeh is waqt bantaa hai jab koi stock ya security khilta hai aur din ke waqt kam tijarat karta hai, lekin phir is ki ibtidayi qeemat ke qareeb ya is se oopar barhta hai aur band hojata hai. Hammer Pattern mein aik chhota sa asli jism hota hai ( iftitahi aur ikhtitami qeemat ke darmiyan farq ), aik lamba nichala saya ( sab se kam qeemat aur ikhtitami qeemat ke darmiyan farq ), aur thora sa oopri saya nahi hota .Hammer Pattern qeemat ke rujhan ki simt mein mumkina ulat phair ka ishara karta hai, khaas tor par agar yeh neechay ke rujhan ke baad hota hai. lamba nichala saya zahir karta hai ke khredar market mein daakhil hue aur qeemat ko is ke nichale maqam se oopar le jane mein kamyaab rahay, jis se zahir hota hai ke taizi ka jazba barh raha hai. tajir aksar himr ki tashkeel ke baad taizi ke din ziyada hajam ke sath himr Pattern ki tasdeeq talaash karte hain .




Hammer Candlestick Pattern:

Hammer candle stuck Pattern aik taizi se ulatnay wala Pattern hai jo aam tor par takneeki tajzia mein istemaal hota hai. yeh is waqt bantaa hai jab koi stock, commodity ya currency khulti hai, din ke waqt kam tijarat karti hai, lekin phir is ki ibtidayi qeemat ke qareeb band honay ke liye reliyan nikalti hain .Hammery ka namona aam tor par aik choti si asli body ( khuli aur qareeb ki qeemat ke darmiyan farq ) aur aik lamba nichala saya ( din ke kam aur haqeeqi jism ke darmiyan farq ) ke sath aik shama ki terhan lagta hai. oopri saya aam tor par chhota ya ghair mojood hota hai .tajir aksar Hammery ke Pattern ko is alamat ke tor par bayan karte hain ke market kam qeematon ko mustard karna shuru kar rahi hai aur taizi ke ulat jane ka imkaan hai. taham, yeh note karna zaroori hai ke koi bhi tijarti faisla karne se pehlay Hammery ke Pattern ki tasdeeq deegar takneeki isharay se ki jani chahiye .khulasa tor par, Hammer candle stuck Pattern aik taizi se reversal Pattern hai jisay traders market ki simt mein mumkina tabdeeli ka ishara dainay ke liye istemaal karte hain .



The Hammer candlestick pattern is a popular technical analysis tool used by traders to identify potential price reversals in the market. It is a bullish reversal pattern that forms when the price opens, trades lower during the session, and then rallies to close near its opening price.
To trade in the Hammer candlestick pattern, here are some key steps:

Identify The Hammer Candlestick Pattern:

Look for a candlestick with a small body and a long lower shadow that is at least twice the length of the body. The upper shadow should be relatively small or non-existent.

Confirm The Pattern:

It is important to confirm the Hammer pattern with other technical indicators or price action analysis, such as trend lines or support and resistance levels.

Enter The Trade:

Once you have confirmed the pattern, you can enter a long position (buy) at the open of the next candlestick or at the market price, with a stop loss placed below the low of the Hammer candlestick.

Take Profit:

Traders can take profits at a predetermined target level, such as the next resistance level or a certain percentage gain. Alternatively, traders can use trailing stop losses to capture further gains while minimizing risk.

Manage Risk:

Risk management is crucial in trading. Always use stop-loss orders to limit losses in case the trade does not go as expected.

Re: Hammer candlestick pattern in Forex trading .

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Hammer CandleStick

Hammer candlestick aik single candle, small real body wali bullish trend reversal pattern hai, jo k prices k bottom ya bearish trend main banta hai. Pattern ki small real body bullish ya bearish dono tarah se mumkin hai, lekin candle k leye zarori, iss ka prices k bottom par banna hai. Ye candle aik long lower shadow k sath banti hai, jiss k upper side par koi shadow nahi banta hai. Candle k upper side par small wick acceptable hai, lekin ye wick real body se size main bara nahi hona chaheye. Ye candle prices k leye bottom prices par support level ka kaam karti hai, jahan se prices rebound ho jati hai. Jab candle aik timeframe k dowran prices pehle bearish jane k baad wapis bullish jati hai, lekin apne aghaz ya open price k same price par close nahi hoti hai, bulke aik small real body banane k baad, aik long lower shadow k sath close ho jati hai, to ye aik hammer candle banti hai.

Candles Formation

Hammer candlestick candle prices k bottom 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 downward side main kisi bhi color ki real body main ho sakti hai. Candle ki formation darjazzel tarah se ho sakti hai;



Hammer Candle: Hammer candlestick agar prices k bottom 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.

Explanation

Hammer candlestick prices k bottom par market k rebound hone ka aik strong signal hota hai. Jab bhi kisi assets ki prices trading k dowran bohut ziada bearish move kar jati hai, to support zone par aksar kuch candles achanak prices to rise nahi karti hai, lekin prices k uptrend jane k aik ishara zaror deti hai, jiss se analyst faida hasil karte howe market main apne trades ki entry karte hen. Hammer candle prices k bottom par small real body k sath long lower shadow k sath banti hai, jiss ki real body ka bullish ya bearish hona zarori nahi hai, bulke candle ki position ziada important hai. Candle k upper side par shadow nahi hona chaheye, lekin agar banta bhi hai, to shadow ka size candle ki real body se ziada nahi honi chaheye.

Trading

Hammer candlestick trading k leye aik strong signals genrate karta hai, agar prices chart pattern par support zone par trade kar rahi ho to. Candle par trading se pehle iss ka long timeframes par select hona zarori hai, jab k candle k baad aik bullish confirmation candle ka bhi hona zarori hai. Candle k baad bearish candle banne candle k bullish trend reversal pattern zaya ho jata hia. Bullish candle real body main honi chaheye, jo k hammer candle k top par close honi chaheye. Trend confirmation k leye CCI, RSI, MACD indicator aur stochastic oscillator ka oversold zone main hona zarori hai, jab k candle k leye Stop Loss sab se bottom position jo k umoman candle ki shadow ka lower banta hai, se two pips below set kia ja sakta hai.