The Three White Soldiers is a positive trend that is marked by a strong uptrend reversal. Traditionally, it can be observed when a strong downtrend ends followed by a significant rise.
This article will teach you how to identify this positive trend and use it to reach the top when trading on Binomo.
Identifying the Three White Soldiers candle pattern
This pattern is built of 3 bullish consecutive candles. In most cases, they become visible at the end of a strong downtrend. Remarkably, each new candle will get higher than the previous one. The end of the second candle is higher than the end of the first candle, while the third one is the highest candle.
How to trade using the Three White Soldiers pattern on Binomo
Being is a bullish trend reversal pattern, it can become a turning point of your once unsuccessful trading career. So if you notice that the Three White Soldiers phenomenon features your activities, you must get well prepared to use it for a tremendous rise in profits. For example, when observing such a trend as on the chart above, I’m using 15-minute candles. It is a signal to me that I can now reach a 30-minute buying spot.
Keep in mind that your buy position can bring success when initiated on any of the three soldiers. Nevertheless, it is always more beneficial to recognize the trend earlier and start trading when the first candle has just appeared.
Therefore, try to be attentive to details to recognize this trend as soon as possible to end a series of failures and make a tremendous comeback. Please, feel free to share your thoughts and success stories in the comments section below.
We are sorry that this post was not useful for you!
Let us improve this post!
Tell us how we can improve this post?
Download this article as PDF. (English)Enter your Email Address