Timeframe: Any
Recommend pair: Any major pair
Indicator: Three-Line Strike
Platform: MT4, TradingView
Long trade setup
Entry
The first three candles should be bullish, while the last should be bearish. Enter the trade at the last one.
Take-profit
Set TP at a recent high from the entry point.
Stop-loss
Place a stop-loss at the recent low from the entry point.
Example:
In the chart below, the three-line strike presented a potential buying opportunity.
Long trade setup
Short trade setup
Entry
The first three candles should be bearish, while the last one should be bullish. Enter the trade at the last one.
Take-profit
Set TP at a recent low from the entry point.
Stop-loss
Place a stop-loss at the recent high from the entry point.
Example:
In the chart below, the three-line strike presented a potential selling opportunity.
Short trade setup
Comments