✅ HOW TO USE THESE PATTERNS ON THE 5-MIN CHART TO TARGET $100 DAILY:
🔁 1. Trade Setup Plan
Capital Needed: $300–$1000
Leverage: 5x–10x (on low volatility pairs)
Risk Per Trade: 1%–2%
Reward Per Trade: 1.5%–3%
Goal: 5–10 successful scalps/day
🧠 2. Pattern-Based Entry Strategy
Here’s how to trade each pattern on a 5-min chart with precision:
📉 Bearish Engulfing (Resistance Area)
Entry: Short on candle close
SL: Above resistance wick
TP: 1.5x risk or support zone
🌅 Morning Star (Support Area)
Entry: Long at close of the third candle
SL: Below the low of first red candle
TP: Previous resistance zone or 1.5x risk
📈 Bullish Breakout
Entry: Long on breakout candle close above resistance
SL: Below breakout candle
TP: 2x risk or next major resistance
📉 Bearish Rejection (Fakeout)
Entry: Short on red confirmation candle after rejection
SL: Above rejection wick
TP: Nearby support zone or 2x risk
📈 Bullish Rejection
Entry: Long after green candle confirms bounce
SL: Just below support wick
TP: Resistance or 2x risk
🔥 Three Red Crows (Bearish Trend)
Entry: Short after 3 red candles at resistance
SL: Above the first candle
TP: 2x or strong support zone
🌃 Evening Star (Reversal at Resistance)
Entry: Short after 3rd candle confirms reversal
SL: Above the high
TP: 1.5x–2x risk
🚨 Bearish Breakout
Entry: Short on breakdown of support
SL: Above the breakdown candle
TP: Next support level
💰 3. Example to Reach $100 Daily
Let’s say:
You risk $10 per trade
Target 1:2 Risk:Reward = $20 profit/trade
You hit 5 winning trades/day = $100/day
You can also:
Trade with $500 capital using 10x leverage
Catch a 0.5% move = $25 profit per scalp
🔁 4 trades = $100
⚠️ Tips to Succeed:
Only trade when volume is high (London or NY session)
Avoid patterns during sideways chop
Keep stop-loss tight (0.3–0.5%)
Don’t revenge trade. Focus on accuracy over frequency
Journal every trade (entry, reason, outcome)
