If you know the right candlestick patterns and how to combine them with smart risk management, even $5 can grow into $25 in a single day. The secret? Trade only high-probability setups with clear confirmation.
1ļøā£ Bullish Engulfing š¢
Setup: Large green candle fully engulfs the previous red candle at the bottom of a trend.
Trade: Enter at close, SL below engulfing candle, TP at recent resistance.
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2ļøā£ Morning Star āØ
Setup: 3-candle reversal ā strong red, small indecision, strong green.
Trade: Buy above green candle, SL below middle candle, aim for 2ā3x reward.
3ļøā£ Hammer šØ
Setup: Long lower wick, small top body after a downtrend.
Trade: Enter after confirmation candle, SL below wick, TP at next resistance.
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4ļøā£ Doji + Breakout Combo š
Setup: Doji at key level ā breakout with strong volume.
Trade: Enter on breakout candle, SL below breakout point, TP at 2ā3x risk.
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5ļøā£ Bullish Flag š©
Setup: Strong surge followed by small downward channel.
Trade: Buy at breakout of flag, SL under consolidation, TP equal to flagpole height.
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Risk Management Plan
Starting Capital: $5
Risk Per Trade: $1ā$1.5
Target: 2ā3 winning trades at 2ā3x reward each ā $25+ in a day
ā Focus on pattern + confirmation
ā Avoid chasing trades ā wait for setups
ā Secure profits in multiple targets
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