Signals for a trend reversal.

Most traders suffer losses and lose profits due to a trend reversal, so one of the main tasks in Forex is the timely detection of this very reversal.

There is no need to explain what a change in trend is fraught with, it is, at a minimum, triggering a stop loss or trailing stop, and at worst, draining the deposit.

There are several options for receiving trend reversal signals:

• Use a specialized reversal indicator; you can find options for such indicators in the “ Forex Indicators ” section.

Everything here is extremely simple, download, install the indicator in the trader’s terminal and just wait for him to report the upcoming reversal. • Third-party signals to open a transaction - there are a lot of services that provide signals to enter the market, most of them are given precisely when the trend reverses; an example of free SMS signals is given in the article “Free Forex signals ” .

• Breakout of the level - very often a breakdown of the support level during an uptrend or a breakdown of the resistance level during a downward trend indicates a high probability of a trend reversal.

• News - strong news on one of the currencies included in the currency pair can also cause a trend reversal if it is directed against the existing trend.

It is quite difficult to constantly monitor news releases, so this option can be used as a filter if a reversal is suspected. For example, the reversal indicator reported a trend reversal, we check the news feed for the presence of a new event. Trend reversal signals can be used both to open new positions and to close existing ones. the latter helps to maintain the maximum possible profit on the transaction.