Reversal patterns are very important otherwise a trader can be battered.
But there are some chart patterns that offer a higher probability of getting it right, albeit still with risks but equally with rewards if one trades it well.
We will cover three of the chart patterns that indicate a reversal;
- Island reversal
- Kangaroo tail
- Engulfing candle
They can be used on any time frame and on any tradable instrument with patience being the biggest asset to anybody using them due to their rarity.
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