trading strategy with rickshaw man candlestick pattern

What is Rickshaw Man Candlesticks Pattren:
Rickshaw man long legged doji candlestick ki ik kisam hai jis ma body middle candle k uper ya esk kareeb hoti hai. Ye candlestick open close high or low ko show karti hai. Es ma open or close bhot kareeb yani ik he price level par hoty hain jo k ik doji ki shape banaty hain. Es pattern ma high or low ik dosray sy bhot door hoty hain jo high shadow banaty hain. Rickshaw man candle stick market ki indecisive state ko kaha jata hai. Ye pattern kio reliable pattern ni hai. Rickshaw man candlestick ko other technical indicators k sath use kiya ja sakta hai price action anlysis k lae ya market ka trend change ya continue hony k lae. Rickshaw man candlestick ki body small hoti hai or eski upper or lower shadow bhot large hoti hain.

Trading with Rickshaw Man Pattern:
Ager ye pattern long uptrend k bad bana to jab market price is pattern k low ko break kara to trader ko sell ki trade active ker deni chaheye aur stop loss ko is pattern k high per place kara aur Take Profit ko next support level per place Karen. Rickshaw man candlesticks pattern Ek single candle Hai Jaise single bhi trade Kiya Ja sakta hai Japani scandals ko is vajah se trading ke dauran analysis mein jyada Pasand Kiya Jata Hai Kyunki yah candle single candle Sone Ki bavjud Bhi Ek pattern tashkil Deti Hai Jab Bhi yah candle take single price ke top ya bottom Mein Pai Jaati Hai to use time yah trend reversal ko show Karti Hai

Rickshaw Man Pattern ki Pehchan :
Jab rickshaw man candlestick ban Jaati Hai To vahan per aapki trading karna bahut hi jyada nuksan Deh hai Kyunki vahan se new candle ban'ne ka pata nahin chalta aur na hi agli candle ki movement ka andaza Lagaya Ja sakta hai ki vah upside ki move Karegi ya downside per Move karegi isliye Jab rickshaw man candlestick ban jaati hai to aap kabhi bhi trade mat lagaen Kyunki is se aapko bahut jyada nuksan ho sakta hai. Expert trader Hamesha is candlestick per wait Karte Hain Ki Agali candlestick bane aur vahan Se unhen Kisi moment ka andaza ho jaaye tab wo trade lagaen lekin Jab Tak unhen clear signal Nahin Mil Jata tab tak vah trade Nahin Lagate Kyunki yah bahut hi risky kam Hota Hai hai agar aap rickshaw candle stick per trade Lagate Hain tou.

Re: Trading Strategy with Rickshaw Man candlestick Pattern

Dear traders forex market ko analyze karnay kelye har trader koi na koi strategy istimal karta hay aor profit earn kata hay har trader kay apnay experience kay hisab say market men trade karnay ka andaz hota hay, aj ham (Rickshaw Man candlestick Pattern) trading strategy ko discuss karen gay:-

Rickshaw Man candlestick Pattern:-

The rickshaw man is a type of long-legged doji candlestick where the body can be found at or very near the middle of the candle.

Image of above defined pattern



How does the Rickshaw Man candlestick pattern form?

As we have discussed earlier that security’s price is controlled by both bears and bulls at different times but during the same period. This disparity creates a very long leg of the Rickshaw Man pattern. The opening and closing prices remain almost at the same level forming a Doji.

How to identify a Rickshaw Man candlestick pattern?

It is not that easy to identify the Rickshaw Man pattern because the price trend leading to the pattern is not mandatory. You should look for a single candle line with a small Doji-like body and long wicks at either side of the body. The body of the candle is near the midpoint of the candlestick. You should also look for opening and closing prices that are within the pennies of each other.

How to trade a Rickshaw Man candlestick pattern?

Technical analysts and experts suggest that the Rickshaw Man candlestick pattern must be used with other technical indicators, chart patterns, or price action analysts to observe a changing trend or continuation. They do not consider this pattern reliable to be used in isolation. Let us try to understand the trading of a Rickshaw Man pattern. For example, during a current uptrend, the prices begin to fall. In this scenario, the Rickshaw Man pattern in conjunction with an oversold stochastic signal that the low of the downtrend is near. When the prices begin to move up, the Rickshaw Man pattern and signals of other indicators are confirmed.

Re: Trading Strategy with Rickshaw Man candlestick Pattern

Assalamu Alaikum Dosto!

Rickshaw Man Candle

Rickshaw man candle doji candle family se taluq rakhne wali candle hai, jiss ko aam tawar par "Long-legged" candle bhi kaha jatta hai. Rickshaw man candle prices ka ka matlobba timeframes main open aur close aik hi hotta hai, ya bulkul close hotta hai, lekin candle k upper aur lower side par long shadow ya wick hotti hai. Ye candle wese to dekhne main mukamal tawar par aik neutral candle hai, q k cansle k upper aur lower side dono taraf shadow ya wick ki lambaye same hotti hai. Jis se candle zahir hotta hai, k muntakhib karrda timeframe k dawraan candle par bullish aur bearish pressure barrabar tha.

Candle Formation

Rickshaw man candle ki shape baqqi doji candles se thora sa mukhtalif gai, jab k doji star candle se melta julta hai. Ye candle price chart main mukhtalif color ho sakta hai, lekin kaam iss candle ka same hota hai, jo k normal ya trend market main neutral aur high ya low price area main dosre candles k sath trend reversal ka. Candle ki formation darjazel tarah se hoti hai ;



Rickshaw Man Candle: Rickshaw man candle prices upper aur lower sides par aik lambba wick bannane k baad wapis apne open position par close ho jatti hai. Candle k banne k pechay ki psychology ye hai k pehle qeemat aik side par ziadda harkat kartti hai, lekin baad main dosree tarraf se dabao ziadda hone ki waja se qeemat wapis apnni open position par a jatti hai.

Explanation

Rickshaw man candle aik neutral candle honne ki waja se top trend aur bottom trend par behaviour tabdeel karti hai. Ye candle doji star candle se melti julti hai, aur aam tawar par is ko "Long-legged" doji candle kaha jatta hai. Candle ki high aur low same shadow bananti hai, jab k open aur close same price ki hotti hai. Market k sideways trend ya continue trend main ye candle trend continuation ka kaam kartti hai. Rickshaw man candle ko na to bullish candle tasawar kia jatta hai aur na hi beariah, q k ye candle bagher real body ki hotti hai. Candle aggar prices k top par ya bullish k top trend par ban jaye to bearish trend reversal ka kaam kartti hai. Jab k low prices ya bearish trend k end main banne ki wajja se bullish trend reversal ka kaam kartti hai.

Trading

Rickshaw man candle aggar normal prices ya low trend wale position par bantti hai, to ye neutral candle hi tasawar hotti hai. Jab k top trend aur lower trend main candle ka rawaya badal jatta hai, jo trend reversal ka kaam kartti hai. Single candle par trading se behtar result hasil karnne k leye candle ka timeframe hamesha ziadda select kia karen. Pattern par trading karnne se pehel pattern ki position aur trend confirmation lazzmi kia karen, q k ye candle bohut riski candle sabbit ho saktti hai. Candld prices k top trend k baad banne par aggli bearish candle par market main sell ki entry karen. Jab k low trend wale area main banne par candle k baad confirmation white candle par buy ki entry karen.Stop Loss Bearish Trend reversal main candle k wick k top par jab k bullish trend reversal main candle ki wick k lower position par set karen.