Revesrsal exit candlestick trading
When trading a reversal, the trader should be
careful to detect or note the end of the reversal to
avoid losses. Exit the market by manually closing
the order can be a real hard task since the trader
may close the order too early or too late. If the
trader closes the order too early, he or she will
end up making very little profit and at the same
time if he or she closes the order too late, he or
she will end up making very small profits or even
end up making a loss.
Therefore, the trader should always place a stop
loss and a take profit level whenever he or she
places an order to trade a trade reversal. This
levels can be placed with the help of pivot point
indicator.
Pattern break candlestick trading
