If you're new to Forex or have been trading without consistent results, this strategy is designed for you. It uses candlestick patterns and price action to identify high-probability trade entries.
1. Analyze major Forex pairs using daily charts.
2. Look for candle patterns (e.g., engulfing, pin bar, morning star).
3. Confirm with trend direction (use moving averages or fundamentals).
4. Set risk-reward ratio minimum 1:2.
5. Monitor key economic news affecting USD, EUR, GBP, and JPY.