Guide to Trading Using the Three White Soldiers Pattern on IQ Option
The Three White Soldiers is a candlestick pattern that signals a strong uptrend reversal. This pattern usually forms at the end of a strong downtrend.
This guide will show you how to recognize this pattern and how to trade using it on the IQ Option platform.
Identifying the Three White Soldiers candle pattern
The Three White Soldiers pattern consists of 3 bullish consecutive candles. They will usually appear at the end of a strong downtrend. The open of each candle is usually higher than the open of the previous candle. In addition, the close of one candle is higher than the close of the previous candle.
For a valid Three White Soldiers pattern to form, all three bullish candles must not be special (for example Doji or pin bars).
How to trade using the Three White Soldiers pattern on IQ Option
The Three White Soldiers is a bullish trend reversal pattern. So whenever you see them, you should place a long buy position. Using the chart above, I’m using 15 minute candles. This means that I can enter a buy position lasting 30 minutes or more.
The best place to enter your buy position is on any of the three soldiers. However, it’s best if you enter into trading position on the first soldier.
Now that you’ve learned how to identify and trade using the Three White Soldiers pattern, try it out on your IQ Option practice account. Share your results in the comments section below.
Good luck!
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