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Three Candles Strategy

dzonefx | Published wed Aug 02, 2017 2:22 pm | 3053 Views

The strategy is used on the 4-hour timeframe only. Currency pairs that are recommended for trading are GBP/USD or EUR/USD.

When to open long or short positions: after three consecutive ascending or descending candles have formed.

Take profit: 50 points.

Stop-loss: 40 points.

In addition, a Trailing Stop option can be used – move your stop into a no-loss zone and wait for larger price moves of 100-150 points.

An example of long positions:

An example of short positions:

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