Main photo Three Candles Strategy

Three Candles Strategy

  • By dzonefx

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:


Risk Warning: Trading on Forex and Binary Options carries a high level of risk and it is not suitable for all investors.There is always a possibility of losing some or all of your initial investment, so you should not invest money which you can't afford to lose.Eventhough we Forex Stock Exchange Forum,does not provide any investment advice you should be aware of the risks involved. Any opinions, news, research, analyzes, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice.Forex Stock Exchange FORUM will not accept liability for any losses, which may arise directly or indirectly from use of information from our website.You trade at your own risk!

Recommended publications