Understanding Hammers and Shooting Stars in Forex Trading

αž“αŸ…αž€αŸ’αž“αž»αž„αžœαž·αžŸαŸαž™αžšαžΌαž”αž·αž™αž”αŸαžŽαŸ’αžŽαž’αž“αŸ’αžαžšαž‡αžΆαžαž· αž€αžΆαžšαžˆαŸ’αžœαŸαž„αž™αž›αŸ‹αž–αžΈαž”αŸ’αžšαž—αŸαž‘αž“αŸƒ Candle Stick αž’αžΆαž…αž“αžΉαž„αž‡αž½αž™αž›αŸ„αž€αž’αŸ’αž“αž€αž€αŸ’αž“αž»αž„αž€αžΆαžšαž–αŸ’αž™αžΆαž€αžšαžŽαŸαž‘αŸ…αž›αžΎαž”αž˜αŸ’αžšαŸ‚αž”αž˜αŸ’αžšαž½αž›αž‘αžΈαž•αŸ’αžŸαžΆαžš αž–αŸ’αžšαž˜αž‘αžΆαŸ†αž„αž’αŸ’αžœαžΎαž±αŸ’αž™αž€αžΆαžšαžŸαž˜αŸ’αžšαŸαž…αž…αž·αžαŸ’αžαž‡αž½αž‰αžŠαžΌαžšαž€αžΆαž“αŸ‹αžαŸ‚αž”αŸ’αžšαžŸαžΎαžšαž‡αžΆαž„αž˜αž»αž“αŸ”β€‹ αž”αŸ’αžšαž—αŸαž‘αž“αŸƒ Candle Stick αžŠαŸ‚αž›αž–αŸαž‰αž“αž·αž™αž˜αž‡αžΆαž„αž‚αŸαž‚αžΊ Hammer αž“αž·αž„ Shooting StarαŸ” αž“αŸ…αž€αŸ’αž“αž»αž„αž’αžαŸ’αžαž”αž‘αžαžΆαž„αž€αŸ’αžšαŸ„αž˜αž“αŸαŸ‡ αž›αŸ„αž€αž’αŸ’αž“αž€αž“αžΉαž„αžˆαŸ’αžœαŸαž„αž™αž›αŸ‹αž–αžΈαž”αŸ’αžšαž—αŸαž‘αž“αŸƒ Candle Stick  αžšαž”αŸ€αž”αž€αŸ†αžŽαžαŸ‹αž’αžαŸ’αžαžŸαž‰αŸ’αž‰αžΆαžŽ αž“αž·αž„αžšαž”αŸ€αž”αž”αŸ’αžšαžΎαž”αŸ’αžšαžΆαžŸαŸ‹αžœαžΆαž±αŸ’αž™αž˜αžΆαž“αž”αŸ’αžšαžŸαž·αž‘αŸ’αž’αž—αžΆαž–αž€αŸ’αž“αž»αž„αž™αž»αž‘αŸ’αž’αžŸαžΆαžŸαŸ’αžšαŸ’αžαž‡αž½αž‰αžŠαžΌαžšαžšαž”αžŸαŸ‹αž’αŸ’αž“αž€αŸ”

αžαžΎαž’αŸ’αžœαžΈαž‘αŸ…αž‡αžΆ Hammer?

αž“αž·αž™αž˜αž“αŸαž™

Hammer αž‚αžΊαž‡αžΆαž”αŸ’αžšαž—αŸαž‘αž“αŸƒ Candle Stick αžŠαŸ‚αž›αž”αž„αŸ’αž αžΆαž‰αž–αžΈαžŸαž‰αŸ’αž‰αžΆαž“αŸƒαž€αžΆαžšαžœαž·αž›αžαŸ’αžšαž‘αž”αŸ‹αž‘αŸ…αž›αŸ†αž αžΌαžšαž‘αžΎαž„ αž–αŸ„αž›αž‚αžΊαž€αžΆαžšαž•αŸ’αž›αžΆαžŸαŸ‹αž”αŸ’αžαžΌαžšαž–αžΈαž›αŸ†αž αžΌαžšαž…αž»αŸ‡β€‹αž‘αŸ…αž›αŸ†αž αžΌαžšαž‘αžΎαž„αŸ” αžœαžΆαž”αžΆαž“αž•αŸ’αžαž›αŸ‹αž“αžΌαžœαžŸαž‰αŸ’αž‰αžΆαžαžΆ αž’αžΆαž…αž“αžΉαž„αž˜αžΆαž“αž›αž‘αŸ’αž’αž—αžΆαž–αžŠαŸ‚αž›αžαž˜αŸ’αž›αŸƒαž’αžΆαž…αž“αžΉαž„αž…αžΆαž”αŸ‹αž•αŸ’αžαžΎαž˜αž€αžΎαž“αž‘αžΎαž„αŸ” 

αžšαžΌαž”αžšαžΆαž„

αž›αž€αŸ’αžαžŽαŸˆαžŸαž˜αŸ’αž‚αžΆαž›αŸ‹

αž“αŸ…αž€αŸ’αž“αž»αž„αž›αŸ†αž αžΌαžšαž…αž»αŸ‡ αž”αŸ’αžšαž—αŸαž‘ Hammer αž‚αžΊαž…αžΆαž”αŸ‹αž•αŸ’αžαžΎαž˜αž”αž„αŸ’αž€αžΎαžαž‘αžΎαž„αž“αŸ…αž–αŸαž›αžŠαŸ‚αž›αžαž˜αŸ’αž›αŸƒαž–αŸ’αž™αžΆαž™αžΆαž˜αžšαž»αž‰αž…αž»αŸ‡αž‘αŸ…αž€αŸ’αžšαŸ„αž˜αž”αž“αŸ’αžαž‘αŸ€αž αž”αŸ‰αž»αž“αŸ’αžαŸ‚αž‚αž½αž”αž•αŸ’αžŸαŸ†αž‡αžΆαž˜αž½αž™αž“αžΉαž„αž…αŸ†αž“αž½αž“αž’αŸ’αž“αž€αž‘αž·αž‰αž€αžΆαž“αŸ‹αžαŸ‚αž…αŸ’αžšαžΎαž“αžŠαŸ‚αž›αž’αŸ’αžœαžΎαž±αŸ’αž™αžαž˜αŸ’αž›αŸƒαž€αžΎαž“αž‘αžΎαž„αŸ” αž‘αžΆαŸ†αž„αž“αŸαŸ‡αž”αžΆαž“αž”αž„αŸ’αž€αžΎαžαž‡αžΆαž‘αž˜αŸ’αžšαž„αŸ‹ Hammer αžŠαŸ‚αž›αž”αž„αŸ’αž αžΆαž‰αžαžΆαž…αŸ†αž“αž½αž“αž’αŸ’αž“αž€αž‘αž·αž‰αž˜αžΆαž“αž…αŸ’αžšαžΎαž“αž“αŸ…αž€αŸ’αž“αž»αž„αž‘αžΈαž•αŸ’αžŸαžΆαžš αž αžΎαž™αž”αž˜αŸ’αžšαŸ‚αž”αž˜αŸ’αžšαž½αž›αž’αžΆαž…αž“αžΉαž„αž€αžΎαžαž˜αžΆαž“αŸ” 

αž€αžΆαžšαž€αŸ†αžŽαžαŸ‹αž’αžαŸ’αžαžŸαž‰αŸ’αž‰αžΆαžŽ Hammer

αž§αž‘αžΆαž αžšαžŽαŸ

Hammer αž…αžΆαž”αŸ‹αž•αŸ’αžαžΎαž˜αž›αŸαž…αž‘αžΎαž„αž”αž“αŸ’αž‘αžΆαž”αŸ‹αž–αžΈαž˜αžΆαž“αž€αžΆαžšαž’αŸ’αž›αžΆαž€αŸ‹αž…αž»αŸ‡ αžŠαŸ‚αž›αž”αž„αŸ’αž αžΆαž‰αž–αžΈαžŸαž‰αŸ’αž‰αžΆαž”αž‰αŸ’αž…αŸ’αžšαžΆαžŸαž“αž·αž“αŸ’αž“αžΆαž€αžΆαžšαž¬αž›αž‘αŸ’αž’αž—αžΆαž–αžŠαŸ‚αž›αž’αžΆαž…αž˜αžΆαž“αž”αž˜αŸ’αž›αžΆαžŸαŸ‹αž”αŸ’αžαžΌαžšαž‘αž·αžŸαžŠαŸ…αž‘αžΎαž„αž‘αŸ…αž›αžΎαŸ”

αžαžΎβ€‹αž’αŸ’αžœαžΈβ€‹αž‘αŸ…β€‹αž‡αžΆ Shooting Star?

αž“αž·αž™αž˜αž“αŸαž™

Shooting Star αž‚αžΊαž‡αžΆαž”αŸ’αžšαž—αŸαž‘αž“αŸƒ Candle Stick αžŠαŸ‚αž›αž”αž„αŸ’αž αžΆαž‰αž–αžΈαžŸαž‰αŸ’αž‰αžΆαž“αŸƒαž€αžΆαžšαžœαž·αž›αžαŸ’αžšαž‘αž”αŸ‹αž‘αŸ…αž›αŸ†αž αžΌαžšαž…αž»αŸ‡ αž–αŸ„αž›αž‚αžΊαž€αžΆαžšαž•αŸ’αž›αžΆαžŸαŸ‹αž”αŸ’αžαžΌαžšαž–αžΈαž›αŸ†αž αžΌαžšαž‘αžΎαž„β€‹αž‘αŸ…αž›αŸ†αž αžΌαžšαž…αž»αŸ‡αŸ” αžœαžΆαž”αžΆαž“αž•αŸ’αžαž›αŸ‹αž“αžΌαžœαžŸαž‰αŸ’αž‰αžΆαžαžΆ αž’αžΆαž…αž“αžΉαž„αž˜αžΆαž“αž›αž‘αŸ’αž’αž—αžΆαž–αžŠαŸ‚αž›αžαž˜αŸ’αž›αŸƒαž’αžΆαž…αž“αžΉαž„αž…αžΆαž”αŸ‹αž•αŸ’αžαžΎαž˜αž’αŸ’αž›αžΆαž€αŸ‹αž…αž»αŸ‡αŸ” 

αžšαžΌαž”αžšαžΆαž„

αž›αž€αŸ’αžαžŽαŸˆαžŸαž˜αŸ’αž‚αžΆαž›αŸ‹

αž€αŸ’αž“αž»αž„αž‘αž·αžŸαžŠαŸ…αž€αžΎαž“αž‘αžΎαž„ Shooting Star αž”αžΆαž“αž”αž„αŸ’αž€αžΎαžαž‘αžΎαž„αž“αŸ…αž–αŸαž›αžŠαŸ‚αž›αžαž˜αŸ’αž›αŸƒαž–αŸ’αž™αžΆαž™αžΆαž˜αž‘αžΎαž„αžαŸ’αž–αžŸαŸ‹ αž”αŸ‰αž»αž“αŸ’αžαŸ‚αž‡αžΆαž˜αž½αž™αž“αžΉαž„αž…αŸ†αž“αž½αž“αž’αŸ’αž“αž€αž‘αž·αž‰αž…αŸ’αžšαžΎαž“αžŠαŸ‚αž›αž’αžΆαž…αž’αŸ’αžœαžΎαž±αŸ’αž™αžαž˜αŸ’αž›αŸƒαž”αžΆαž“αž’αŸ’αž›αžΆαž€αŸ‹αž…αž»αŸ‡ αž“αŸ„αŸ‡Shooting Star αžαŸ’αžšαžΌαžœαž”αžΆαž“αž”αž„αŸ’αž€αžΎαžαž‘αžΎαž„αŸ” αž‘αžΆαŸ†αž„αž“αŸαŸ‡αž”αžΆαž“αžŸαž”αž‰αŸ’αž‡αžΆαž€αŸ‹αžαžΆ αž…αŸ†αž“αž½αž“αž’αŸ’αž“αž€αž‘αž·αž‰αž˜αžΆαž“αž…αŸ’αžšαžΎαž“ αž αžΎαž™αž€αžΆαžšαž•αŸ’αž›αžΆαžŸαŸ‹αž”αŸ’αžαžΌαžšαž‘αž·αžŸαž’αžΆαž…αž“αžΉαž„αž€αžΎαžαž˜αžΆαž“αž‘αžΎαž„αŸ” 

αž€αŸ†αžŽαžαŸ‹αž’αžαŸ’αžαžŸαž‰αŸ’αž‰αžΆαžŽ Shooting Star

αž§αž‘αžΆαž αžšαžŽαŸ

 Shooting Star αž”αžΆαž“αž›αŸαž…αž…αŸαž‰αž‘αžΎαž„αž”αž“αŸ’αž‘αžΆαž”αŸ‹αž–αžΈαž˜αžΆαž“αž“αž·αž“αŸ’αž“αžΆαž€αžΆαžšαž€αžΎαž“αž‘αžΎαž„ αž”αž„αŸ’αž€αžΎαžαž±αŸ’αž™αž˜αžΆαž“αž”αž˜αŸ’αžšαŸ‚αž”αž˜αŸ’αžšαž½αž›αžαŸ’αž–αžŸαŸ‹αžŠαŸ„αž™αžŸαžΆαžšαžαŸ‚αž˜αžΆαž“αžŸαž‰αŸ’αž‰αžΆαž“αŸƒαž€αžΆαžšαž•αŸ’αž›αžΆαžŸαŸ‹αž”αŸ’αžαžΌαžšαž‘αž·αžŸαž‘αŸ…αž€αŸ’αžšαŸ„αž˜αŸ” 

αž€αžΆαžšαž‚αŸ’αžšαž”αŸ‹αž‚αŸ’αžšαž„αž αžΆαž“αž·αž—αŸαž™

αž’αŸ’αžœαžΎαž€αžΆαžšαžœαž·αž—αžΆαž‚αž‘αŸ…αž›αžΎαž€αžΆαžšαžŸαž˜αŸ’αžšαŸαž…αž…αž·αžαŸ’αžαž€αžΆαžšαž‡αž½αž‰αžŠαžΌαžšαžšαž”αžŸαŸ‹αž›αŸ„αž€αž’αŸ’αž“αž€αžŠαŸ„αž™αž”αŸ’αžšαž»αž„αž”αŸ’αžšαž™αŸαžαŸ’αž“ αžŠαŸ„αž™αž”αŸ’αžšαžΎαž”αŸ’αžšαžΆαžŸαŸ‹αž‘αŸ…αž›αžΎαž‘αŸ†αž αŸ†αž›αžΎαž€αžΆαžšαž‡αž½αž‰αžŠαžΌαžš αž–αŸ’αžšαž˜αž‘αžΆαŸ†αž„αž€αŸ†αžŽαžαŸ‹αž“αŸ…αžαŸ†αž”αž“αŸ‹ Stop-loss αžŠαžΎαž˜αŸ’αž”αžΈαž€αžΆαžšαž–αžΆαžšαž‘αŸ…αž›αžΎαž”αŸ’αžšαžΆαž€αŸ‹αž‘αž»αž“αžšαž”αžŸαŸ‹αž›αŸ„αž€αž’αŸ’αž“αž€αŸ” 

αžŸαŸαž…αž€αŸ’αžαžΈαžŸαž“αŸ’αž“αž·αžŠαŸ’αž‹αžΆαž“

αž€αžΆαžšαžˆαŸ’αžœαŸαž„αž™αž›αŸ‹ αž–αŸ’αžšαž˜αž‘αžΆαŸ†αž„αž€αŸ†αžŽαžαŸ‹αž’αžαŸ’αžαžŸαž‰αŸ’αž‰αžΆαžŽαž±αŸ’αž™αž”αžΆαž“αžαŸ’αžšαžΉαž˜αžαŸ’αžšαžΌαžœαž‘αŸ…αž›αžΎαž”αŸ’αžšαž—αŸαž‘ Hammer αž“αž·αž„ Shooting Star αž’αžΆαž…αž“αžΉαž„αž”αž„αŸ’αž€αžΎαž“αž—αžΆαž–αž‡αŸ„αž‚αž‡αŸαž™αž‘αŸ…αž›αžΎαž™αž»αž‘αŸ’αž’αžŸαžΆαžŸαŸ’αžšαŸ’αžαž‡αž½αž‰αžŠαžΌαžšαžšαž”αžŸαŸ‹αž’αŸ’αž“αž€αž™αŸ‰αžΆαž„αžαŸ’αž›αžΆαŸ†αž„αŸ” αž‚αŸ†αžšαžΌαž‘αžΆαŸ†αž„αž“αŸαŸ‡αž•αŸ’αžαž›αŸ‹αž“αžΌαžœαž€αžΆαžšαž™αž›αŸ‹αžŠαžΉαž„αžŠαŸαž˜αžΆαž“αžαž˜αŸ’αž›αŸƒαž…αŸ†αž–αŸ„αŸ‡αž€αžΆαžšαž•αŸ’αž›αžΆαžŸαŸ‹αž”αŸ’αžαžΌαžšαž‘αž·αžŸαžŠαŸ…αž“αŸ…αž€αŸ’αž“αž»αž„αž‘αžΈαž•αŸ’αžŸαžΆαžš αž”αŸ‰αž»αž“αŸ’αžαŸ‚αž–αž½αž€αž‚αŸαž€αŸαž‚αž”αŸ’αž”αžΈαž”αŸ’αžšαžΎαž”αŸ’αžšαžΆαžŸαŸ‹αž‡αžΆαž˜αž½αž™αž“αžΉαž„αžŸαžΌαž…αž“αžΆαž€αžšαž•αŸ’αžŸαŸαž„αž‘αŸ€αž αž“αž·αž„αžœαž·αž’αžΈαžŸαžΆαžŸαŸ’αžšαŸ’αžαž€αŸ’αž“αž»αž„αž€αžΆαžšαž€αŸ†αžŽαžαŸ‹αž αžΆαž“αž·αž—αŸαž™αž“αŸ„αŸ‡αžŠαŸ‚αžšαŸ”

(English Version)

In the dynamic world of Forex trading, understanding candlestick patterns can significantly enhance your ability to predict market movements and make more accurate trading decisions. Two of the most reliable reversal patterns are the hammer and the shooting star. In this blog post, we will explore what these patterns are, how to identify them, and how to use them effectively in your trading strategy.

What is a Hammer?

Definition

A hammer is a bullish reversal candlestick pattern that typically forms after a downtrend. It signals that a potential bottom is forming and that the price may start to rise.

Appearance

Characteristics

In a downtrend, a hammer forms when the price attempts to push lower but is met with strong buying pressure that drives the price back up, creating the hammer shape. This indicates that buyers are taking control of the market and a reversal may occur.

Identifying a Hammer on a Chart

Example

A hammer appears after a downtrend, signaling a potential trend reversal.

Appearance


What is a Shooting Star?

Definition

A shooting star is a bearish reversal candlestick pattern that typically forms after an uptrend. It signals that a potential top is forming and that the price may start to fall.

Appearance

Characteristics

In an uptrend, a shooting star forms when the price tries to push higher but is met with strong selling pressure that drives the price back down, creating the shooting star shape. This indicates that sellers are taking control of the market and a reversal may occur.

Identifying a Shooting Star on a Chart

Example

A shooting star appears after an uptrend, increasing its significance as a bearish reversal signal.

Appearance

Risk Management

Assess your trading decisions carefully. Use appropriate position sizing and manage trades using stop-loss orders to protect your capital.

Conclusion

Understanding and correctly identifying hammer and shooting star patterns can greatly enhance your trading strategy. These patterns provide valuable insights into potential market reversals, but they should be used in conjunction with other technical indicators and risk management practices.

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