We could be a bit early for this 5-0 Pattern trading setup. That is because the daily chart has not confirmed; the candlestick pattern confirmation is required.
I pull the trading confirmation of the 1-hourly chart. This is a trading management I've been using and refining for the past 5years.
There are 2 kinds of trading management for the such combo.
ComboTrade - Valid trading setup off the higher timeframe, but we engaged the trade on the smaller timeframe
UpsizeTrade - Valid trading setup on the smaller timeframe and final target stretch to complete the higher timeframe.
Both are high-risk trade management, which means the chances of stop-loss being hit are higher, but the profit factor(reward) is amazing.
Of the two selections, upsize trade has the higher risk.
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