In this video, you will learn about a forex trading strategy using the three crows candlestick pattern. It is a bearish reversal pattern. It occurs at the end of an uptrend.
For example, look at the chart. As you can see, the market is in an uptrend. At some point, the uptrend runs out of steam. Then it is followed by three bearish candlesticks occurring in succession. After this, the market then moves to the downside. You can take a short position with the stop-loss above the highs.
Make sure that the three long candlesticks are bearish. Look at another example. As you can see, there are three bearish candlesticks at the end of the uptrend, but they are not long enough. Interestingly, the market did not reverse, and found support to make a new high. But this time, the market made three long bearish candlesticks, and the market move to the downside. Also, make sure you use additional confirmation with technical indicators. Don't use candlestick reversal patterns alone to make trading decisions.