{"id":11850,"date":"2022-03-31T15:49:40","date_gmt":"2022-03-31T12:49:40","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=11850"},"modified":"2023-12-13T11:54:56","modified_gmt":"2023-12-13T08:54:56","slug":"how-to-trade-three-white-soldiers-pattern","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2022\/03\/31\/how-to-trade-three-white-soldiers-pattern\/","title":{"rendered":"How to Trade Three White Soldiers Pattern"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p>This article deals with a candlestick pattern called Three White Soldiers: what it looks like, what <a href=\"https:\/\/roboforex.com\/blog\/2019\/11\/28\/signals-on-forex-where-to-search-how-to-find-filter-and-create\/\" data-internallinksmanager029f6b8e52c=\"101\" title=\"Signals\">signals<\/a> it gives, how it forms, what types it has, and, of course, how it can be used in trading.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Three_White_Soldiers_pattern_forms\"><\/span><a><\/a>How Three White Soldiers pattern forms<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Three White Soldiers is a reversal bullish candlestick pattern that predicts a change of a downtrend to an uptrend. This pattern can be encountered on price charts rather often.<\/p>\n\n\n\n<p>When the Three White Soldiers pattern appears, it gives a signal to buy. The pattern has a bearish counterpart called <a href=\"https:\/\/roboforex.com\/blog\/2022\/03\/18\/how-to-trade-three-black-crows-candlestick-pattern\/\">Three Black Crows<\/a> that was previously described in our blog.<\/p>\n\n\n\n<p>The Three White Soldiers pattern consists of three white candlesticks with large bodies and almost no shadows. The pattern shows that the <a href=\"https:\/\/roboforex.com\/blog\/2022\/06\/16\/bull-market-characteristic-and-trading-principles\/\" data-internallinksmanager029f6b8e52c=\"302\" title=\"Bull Market\">bulls<\/a> have managed to capture the initiative and close <a href=\"https:\/\/roboforex.com\/beginners\/info\/forex-trading-hours\/\" data-internallinksmanager029f6b8e52c=\"20\" title=\"trading sessions\">trading sessions<\/a> near the daily highs for three days in a row.<\/p>\n\n\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conditions_for_Three_White_Soldiers_to_form\"><\/span><a><\/a>Conditions for Three White Soldiers to form<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>As long as this is a reversal pattern, it forms on the local lows after a descending movement. This can either be a reversal of a downtrend or the end of a correction in an uptrend.<\/li>\n\n\n\n<li>Three white candlesticks go one after another and have large bodies.<\/li>\n\n\n\n<li>Each next candlestick opens at the closing level of the previous one or a bit lower.<\/li>\n\n\n\n<li>The shadows of the candlesticks are short. Sometimes candlesticks in Three White Soldiers have no shadows at all: such candlesticks are called <a href=\"https:\/\/roboforex.com\/blog\/2021\/12\/24\/how-to-trade-marubozu-candlestick-pattern\/\">Marubozu<\/a> and make the whole pattern stronger.<\/li>\n\n\n\n<li>The second and third candlesticks must be roughly of the same size. If the third candlestick is obviously smaller than the other two, this means bulls are weak.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers.png\"><img loading=\"lazy\" decoding=\"async\" width=\"530\" height=\"580\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers.png\" alt=\"Three White Soldiers pattern on the chart\" class=\"wp-image-11853\" srcset=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers.png 530w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-183x200.png 183w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-150x164.png 150w\" sizes=\"(max-width: 530px) 100vw, 530px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Three White Soldiers pattern on the chart<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Types_of_Three_White_Soldiers\"><\/span><a><\/a>Types of Three White Soldiers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are two more candlestick <a href=\"https:\/\/roboforex.com\/blog\/2019\/08\/05\/trading-the-most-popular-patterns\/\" data-internallinksmanager029f6b8e52c=\"60\" title=\"Patterns\">patterns<\/a> that also consist of three white candlesticks and resemble Three White Soldiers. These are the Advance Block pattern and the Stalled pattern; however, instead of giving a signal to buy, they warn the trader of the ascending <a href=\"https:\/\/roboforex.com\/blog\/2019\/11\/12\/momentum-efficient-oscillator-or-trend-indicator\/\" data-internallinksmanager029f6b8e52c=\"96\" title=\"Momentum\">momentum<\/a> coming to an end.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advance_Block\"><\/span><a><\/a>Advance Block<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If the second and third candlesticks of the Three White Soldiers have small bodies and long upper shadows, the pattern is called Advanced Block. As the name of the pattern shows us, the advance of the bulls was blocked and the <a href=\"https:\/\/roboforex.com\/blog\/2022\/06\/23\/bear-market-characteristics-and-tradings-principles\/\" data-internallinksmanager029f6b8e52c=\"301\" title=\"Bear Market\">bears<\/a> fight back.<\/p>\n\n\n\n<p>The ascending impulse meets serious resistance, and it becomes extremely possible that the quotations will reverse downwards. This pattern is not good for buying because bulls turn out weak. If the trader has open buying positions, they should take the profit in them.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-type1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"531\" height=\"576\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-type1.png\" alt=\"Advanced Block pattern on the chart\" class=\"wp-image-11854\" srcset=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-type1.png 531w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-type1-184x200.png 184w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-type1-150x163.png 150w\" sizes=\"(max-width: 531px) 100vw, 531px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Advanced Block pattern on the chart<\/em><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stalled_pattern\"><\/span><a><\/a>Stalled pattern<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For the Stalled, a.k.a. Deliberation pattern, the picture is similar: the third candlestick is noticeably smaller than the first two. This means bulls are weak, the ascending impulse is fading out, and a range or even a reversal might be coming.<\/p>\n\n\n\n<p>The pattern informs the trader that now is not the best time for buying. The inability of the bulls to confidently open the third candlestick demonstrates that their initiative is weakening and further growth is doubtful, so one should avoid buying and close long positions.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-type2.png\"><img loading=\"lazy\" decoding=\"async\" width=\"489\" height=\"579\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-type2.png\" alt=\"Stalled pattern on the chart\" class=\"wp-image-11855\" srcset=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-type2.png 489w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-type2-169x200.png 169w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-type2-150x178.png 150w\" sizes=\"(max-width: 489px) 100vw, 489px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Stalled pattern on the chart<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_use_Three_White_Soldiers_in_trading\"><\/span><a><\/a>How to use Three White Soldiers in trading<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In a downtrend or a correction of an uptrend, Three White Soldiers form on the local lows. The Advance Block or Stalled patterns are not used here.<\/li>\n\n\n\n<li>All candlesticks have large pronounced bodies and smallish shadows.<\/li>\n\n\n\n<li>After the third candlestick forms, during the next trading session, open a buying position.<\/li>\n\n\n\n<li>Place a <a href=\"https:\/\/roboforex.com\/blog\/2019\/07\/12\/what-is-stop-loss-and-take-profit\/\">Stop Loss<\/a> slightly below the nearest local low.<\/li>\n\n\n\n<li>Place a <a href=\"https:\/\/roboforex.com\/blog\/2019\/07\/12\/what-is-stop-loss-and-take-profit\/\">Take Profit<\/a> at important <a href=\"https:\/\/roboforex.com\/blog\/2020\/02\/21\/how-to-trade-support-and-resistance-levels\/\">resistance levels<\/a> or at the distance of 1:2, 1:3 of the SL.<\/li>\n<\/ul>\n\n\n\n<div class=\"block-banner dark_blue-pink\">\n    <div class=\"block-banner__content\">\n      <div class=\"block-banner__text-content\">\n        <p class=\"block-banner__title\">Want to trade with the best conditions?<\/p>\n        <p class=\"block-banner__text\">Open a Prime account and enjoy fast execution, low commissions, and spreads from 0 pips<\/p>\n      <\/div>\n    <div class=\"block-banner__images-wrapper\">\n      <img decoding=\"async\" class=\"block-banner__image block-banner__image_mobile\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2023\/09\/prime-mobile.png\" alt=\"prime-account\">\n    <\/div>\n      <a href=\"https:\/\/my.roboforex.com\/en\/register\/prime\/\" class=\"block-banner__button\" target=\"_blank\" rel=\"noopener nofollow\">Open Prime Account<\/a>\n    <\/div>\n    <div class=\"block-banner__images-wrapper\">\n      <img decoding=\"async\" class=\"block-banner__image block-banner__image_desktop\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2023\/09\/prime-desktop.png\" alt=\"prime-account\">\n    <\/div>\n  <\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Example_of_buying_by_the_pattern_without_indicators\"><\/span>Example of buying by the pattern without indicators<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>On D1 of <a href=\"https:\/\/roboforex.com\/blog\/2021\/03\/12\/how-to-trade-usd-jpy\/\">USD\/JPY<\/a> at the local low after the end of a descending movement there formed a Three White Soldiers pattern.<\/li>\n\n\n\n<li>When the third candlestick is complete, a buying position opens.<\/li>\n\n\n\n<li><a href=\"https:\/\/roboforex.com\/blog\/2019\/07\/12\/what-is-stop-loss-and-take-profit\/\" data-internallinksmanager029f6b8e52c=\"228\" title=\"Stop Loss\">Stop Loss<\/a> is placed behind the local low.<\/li>\n\n\n\n<li><a href=\"https:\/\/roboforex.com\/blog\/2019\/07\/12\/what-is-stop-loss-and-take-profit\/\" data-internallinksmanager029f6b8e52c=\"56\" title=\"Take Profit\">Take Profit<\/a> needs to be closed after the price reaches a strong resistance level or a 1:2, 1:3 ratio with the SL.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-buy.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1012\" height=\"630\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-buy-1012x630.png\" alt=\"Buying by the Three White Soldiers pattern\" class=\"wp-image-11856\" srcset=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-buy-1012x630.png 1012w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-buy-321x200.png 321w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-buy-768x478.png 768w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-buy-150x93.png 150w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-buy.png 1448w\" sizes=\"(max-width: 1012px) 100vw, 1012px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Buying by the Three White Soldiers pattern<\/em><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Example_of_buying_by_the_pattern_and_the_MACD\"><\/span><a><\/a>Example of buying by the pattern and the MACD<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>On D1 of <a href=\"https:\/\/roboforex.com\/beginners\/info\/charts\/forex\/gbpusd\/\" data-internallinksmanager029f6b8e52c=\"36\" title=\"GBP\/USD\">GBP<\/a>\/<a href=\"https:\/\/roboforex.com\/beginners\/info\/charts\/forex\/usdjpy\/\" data-internallinksmanager029f6b8e52c=\"40\" title=\"USD\/JPY\">JPY<\/a> at the local low in the end of a descending correction a Three White Soldiers pattern formed.<\/li>\n\n\n\n<li>An additional confirmation is given by the <a href=\"https:\/\/roboforex.com\/blog\/2019\/07\/05\/what-is-the-macd\/\">MACD<\/a>: the histogram crosses 0 from below.<\/li>\n\n\n\n<li>After the pattern and the <a href=\"https:\/\/roboforex.com\/blog\/2019\/07\/05\/what-is-the-macd\/\" data-internallinksmanager029f6b8e52c=\"55\" title=\"MACD\">MACD<\/a> signal form, o buying position opens.<\/li>\n\n\n\n<li>SL is placed behind the local low.<\/li>\n\n\n\n<li>TP is closed after a signal to sell is given by the MACD or when the price reaches a 1:2, 1:3 ratio with the SL.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-macd-buy.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1007\" height=\"630\" src=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-macd-buy-1007x630.png\" alt=\"Buying by the Three White Soldiers pattern + MACD\" class=\"wp-image-11857\" srcset=\"https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-macd-buy-1007x630.png 1007w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-macd-buy-320x200.png 320w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-macd-buy-768x480.png 768w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-macd-buy-150x94.png 150w, https:\/\/roboforex.com\/blog\/wp-content\/uploads\/2022\/03\/3soldiers-macd-buy.png 1442w\" sizes=\"(max-width: 1007px) 100vw, 1007px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Buying by the Three White Soldiers pattern + MACD<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Closing_thoughts\"><\/span><a><\/a>Closing thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The reversal candlestick Three White Soldiers pattern forms after a downward movement and predicts an upward reversal of the quotes. It can be traded on its own or alongside <a href=\"https:\/\/roboforex.com\/blog\/2019\/08\/20\/basics-of-technical-analysis\/\">tech analysis<\/a> instruments and <a href=\"https:\/\/roboforex.com\/blog\/2019\/11\/19\/top-10-forex-indicators-that-every-trader-needs\/\">indicators<\/a>.<\/p>\n\n\n\n<p>Before using the pattern for real, test it on a <a href=\"https:\/\/roboforex.com\/blog\/2019\/10\/31\/how-to-start-trading-on-a-demo-account\/\">demo account<\/a>. See more about candlestick patterns in our Blog.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-r-blog-roboforex wp-block-embed-r-blog-roboforex\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"IbE6MQMNOh\"><a href=\"https:\/\/roboforex.com\/blog\/2019\/09\/06\/candlestick-analysis-on-forex-main-principles-application-options\/\">Candlestick Analysis: 24 Main Candlestick Patterns<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&ldquo;Candlestick Analysis: 24 Main Candlestick Patterns&rdquo; &mdash; RoboForex Blog\" src=\"https:\/\/roboforex.com\/blog\/2019\/09\/06\/candlestick-analysis-on-forex-main-principles-application-options\/embed\/#?secret=iSOAK5VPoN#?secret=IbE6MQMNOh\" data-secret=\"IbE6MQMNOh\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-button aligncenter\">\n<a class=\"button button-green\" href=\"https:\/\/my.roboforex.com\/en\/register\/\" rel=\"nofollow\">Open Trading Account<\/a><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>This article deals with a candlestick pattern called Three White Soldiers: what it looks like, what signals it gives, how it forms, what types it has, and, of course, how it can be used in trading.<\/p>\n","protected":false},"author":58,"featured_media":11851,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[283,2670],"class_list":["post-11850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","tag-candlestick-analysis-patterns","tag-three-white-soldiers-candlestick-pattern"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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