收盘价新低或新高后的持续方向 (Continuing Direction following new Daily)

Hi all

Been trading for 2.5 years but have struggled to make consistent profits.

This is my first thread and I'd be grateful to hear your opinions (good or bad) on the following opportunity that I have noticed.

Open a daily chart - avoid JPY crosses though!

Look for a bearish candle followed by another bearish candle that closes below the low of the previous day's low. Open a sell order on the third day

Alternatively look for a bull candle followed by another bull candle that closes higher than the previous day's high. Open a buy order on the third day.

See attached chart for examples.

Looks good on major pairs (excluding JPYs) particularly the less volatile currencies.

I have looked on James16 thread to see if anyone has pointed out a similar system, but can't see it.

Feedback welcome.