Forget Perfect Reversals
When you start trading reversals you’re going to notice that very few reversals are actually perfect. Looking for a perfect trend followed by a perfect candle and a perfect reversal can work but do you really want to take a trade only once a month?
Reversal trades can be taken even when the formations are not perfect.
If you remember, in the last article in this series, I talked about understanding that candles represent the struggle between the bulls and the bears. If you look at these imperfect reversals in this way you can clearly see why it’s a reversal and why you should enter. Just because it does not look like a text book reversal doesn’t mean it won’t work.
I took one of these imperfect looking reversals today and I walked away with 93 pips.
Let’s take a look at some of these reversal patterns.
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