Signals for trend reversal.

Most traders suffer losses and lose profits due to trend reversals, so one of the main tasks in Forex is to detect these reversals in a timely manner.

There's no need to explain the consequences of a trend reversal; at a minimum, it can trigger a stop-loss or trailing stop, and at worst, wipe out your deposit.

There are several ways to receive trend reversal signals:

• Use a specialized reversal indicator, you can find options for similar indicators in the " Forex Indicators " section. Everything is extremely simple here, download and install the indicator in the trader's terminal and just wait for it to notify you of an upcoming reversal.

• Third-party signals for opening a trade - there are many services that provide signals for entering the market, most of them are given precisely when a trend reversal occurs, an example of free SMS signals is given in the article " Free Forex Signals ".

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

• News - strong news for 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 the release of news, so this option can be used as a filter if a reversal is suspected. For example, a reversal indicator reported a trend reversal, we check the news feed for a new event.

Trend reversal signals can be used both to open new positions and to close existing ones. The latter helps preserve the maximum possible profit on a trade.