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Reversal Patterns

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Last Updated on: 15th February 2021, 02:39 am

In forex trading, a reversal refers to a change in the direction of a price trend, whereas the reversal pattern is a formation of the support and resistance, reversal candlesticks, and various chart patterns that have or can cause a reversal in the price trend of a currency pair. For instance, in the candlestick analysis, the hammer, inverted hammer, shooting star, and test bar are a few examples of reversal patterns.

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