Forex trend reversals happen all the time. As long as there are trends, there will always be reversals. Many trend and trend reversal trading tools and strategies depend on this simple concept. It’s now only a matter of how a trader can use the right tools to catch the reversals and trade the trends. The Lucky Reversal indicator is one of the many reversal trading indicators out there, but it has some unique features that make it different from other forex trend reversal indicators.
What Is The Lucky Reversal Indicator
The Lucky reversal indicator does what its name implies: it tells when the trend has turned from an uptrend to a downtrend, or vice versa. It gives its signals in the form of blue and red arrows, each followed by wavy horizontal lines. The blue arrow marks the beginning of an uptrend, while the red arrow signifies a market reversal to the downtrend.
There is another feature of the Lucky reversal indicator that is not obvious at a first glance. This feature is the white square that appears when the indicator is suggesting a temporary or potential reversal.
Learn more about how to use this great indicator: https://indicatorshop.com/lucky-reversal-indicator/
After the installation, your trading chart will appear as the following image:
The best way to trade using the Lucky reversal indicator is to include it in a trading system where you can use it in confluence with other trading tools. Other trading tools in the strategy could be indicators or market structures (supports and resistances, candlestick patterns, chart patterns, etc).