EURNZD 15M 3 LITTLE MOUNTAIN LITTLE RIVER PROFESSIONAL STRATEGY
Three Little Mountains Rivers Trading Strategy
Again, this strategy doesn’t require any professional trading indicators.
The Three Little Mountains Rivers trading strategy is a pure price action trading strategy that has the potential to reward us instantly. The rules for this setup are pretty simple (sell signals):
First, you need three consecutive symmetrical peaks (swing highs).
The time that passes between the development of each swing high is more or less the same.
Enter a short position once the market turns below the 20% range of the second peak.
Place your protective stop loss above the newly formed swing high.
* It is required that at the top of the last high or low, a candlestick reversal pattern is formed. Whether it's a Hammer , a Hanged man, a Morning or Evening Star , Bullish or Bearish Engulfing , or another pattern.
Basically, we’re trying to anticipate when the third swing high will get formed. If we wait too long, our profit margins will shrink.
Note* this chart pattern works on the daily chart as much as it works on the lower time frame. We like to trade the Three Little Mountains 3 Little Rivers trading strategy on the 5-minute chart.
Again, this strategy doesn’t require any professional trading indicators.
The Three Little Mountains Rivers trading strategy is a pure price action trading strategy that has the potential to reward us instantly. The rules for this setup are pretty simple (sell signals):
First, you need three consecutive symmetrical peaks (swing highs).
The time that passes between the development of each swing high is more or less the same.
Enter a short position once the market turns below the 20% range of the second peak.
Place your protective stop loss above the newly formed swing high.
* It is required that at the top of the last high or low, a candlestick reversal pattern is formed. Whether it's a Hammer , a Hanged man, a Morning or Evening Star , Bullish or Bearish Engulfing , or another pattern.
Basically, we’re trying to anticipate when the third swing high will get formed. If we wait too long, our profit margins will shrink.
Note* this chart pattern works on the daily chart as much as it works on the lower time frame. We like to trade the Three Little Mountains 3 Little Rivers trading strategy on the 5-minute chart.
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