Three White Soldiers & Three Black Crows Forex Swing Trading Strategy

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Three White Soldiers & Three Black Crows Forex Swing Trading Strategy

The three soldiers pattern is a bullish reversal candlestick and they form after a bearish market. If these 3 candlesticks are formed, it indicates the end of the downtrend.

The three black crows pattern is a bearish reversal candlestick and they form after a bullish market. If these 3 candlesticks are formed, then it indicates the end of an uptrend.

Trading Rules:

  1. Trade these 2 patterns in a support/resistance levels, Fibonacci levels or pivot levels. Trade in significant areas.
  2. Place a buy stop order 3-5 pips above the high of the 3rd candlestick. If 3 black crows are formed, place a sell stop 3-5 pips below the low.
  3. Stop loss should be placed above the 3rd candlestick’s high if you placed a sell stop order or place a stop loss below the 3rd candlestick’s low if you entered a buy stop order.
  4. Take profits on the previous swing highs and lows or you can trail the stop by moving the stop loss when the market is in your favor.
  5. Learn to take partial profits off the table when price moves at least halfway point to reach your take profit target level.

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