them to profit from even the least of moves in quiet markets. Once this price is reached, it becomes an order to sell at the market price. The lower the time frame you work with the more granular you can get and the more candles you will see within the daily data. Price breaks the resistance level R1, trigger stops and movement gets a sharp boost. You would close the trade when the EUR/USD reaches this level.
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You put a stop at the opposite side of the pattern and hold the trade until the size of the candle is completed as a distance starting from the moment of the breakout. One way is by using a trend line tool and placing a stop below the trend line. Above you will see an example of how to scalp a candle pattern. If the trend is negative, you might consider shorting and do very little buying. For this strategy, you would be looking for reversal candle patterns on the chart, and enter in the direction indicated by the specific candle pattern.
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