Consecutive Three Daily Candle Trading Strategy
Time Frame: D1 only
Indicator: No need Indicator
On the basis of Candlestick, that means pure price Action.
Buy Entry Rules:
# 1st candle and 2nd candle body are shorter than the 3rd candle body length(Consider only Body).
#2nd or middle candle is Bearish Candle only.
#3rd candle closing Price should be higher than the 2nd candle closing Price.
Sell Entry Rules:
#1st candle and 2nd candle body are shorter than the 3rd candle body length(Consider only Body).
#2nd or middle candle is Bullish Candle only.
#3rd candle closing Price should be lower than the 2nd candle closing Price.
Precaution: Not take buy entry near the Resistance Level(D1). Not take sell entry near the Support level(D1).
Try to take Buy entry from support Level and Sell entry from Resistance Level.
Stop Loss:
50 pips or 1st candle low or high.
Take Profit:
1.Maintain 1:1 ratio
2.Next Support or Resistance Level.
3.After two Days where the market close.
