This trading strategy works in a trending market and uses Bollinger Bands indicator. It also uses 50-period EMA. You need to wait for the trend is over the middle line with a significant candlestick formed, then an important signal is generated.
For a sell order, look for the formation of the patterns, which include dark cloud cover, bearish engulfing, shooting star, etc. For a buy order, look for piercing line, bullish engulfing, hammer, etc.
For a sell order, you place it below the bearish candlestick. For a buy order, you place it above the bullish candlestick. You can use this strategy for the EUR/USD and GBP/USD pair. You can also it for commodities like gold and silver. You can trade it on the 1-hour, 4-hour, and daily, and weekly chart.