Daily Reversal Pattern That Nailed Profit

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#611: Daily Reversal Pattern That Nailed Profit
In this video:
00:35 – Trading reversals and continuations.
00:58 – What to look for when trading reversals.
01:23 – Selling the XAG/AUD D1 for 3.5:1 R:R profit.
03:19 – Traded using a Sell limit order.
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05:02 – Free 1 hour live Q&A Webinar.
05:17 – Blueberry Markets as a Forex Broker.
05:58 – Like, Share and Subscribe

I want to talk a little about reversal patterns, and we had a fantastic reversal pattern on a daily trade just this week. They look really good on the charts, and they can be a fantastic way to profit from the markets. So let's talk about reversals and more right now.

Hey there traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 611.

Trading reversals and continuations.

So I personally trade two different chart patterns. I look for continuation patterns and I look for reversal patterns. Now, if you've been following me for any length of time, you will know that I prefer continuation patterns because it means that you're trading with the dominant trend. But after a pullback or retracement.

What to look for when trading reversals.

However, I also still do look for reversal trades. Now, they can look really very good on your charts, but they do pose slightly more risk because you are trading against a very strong uptrend or downtrend. However, there are a number of things you can do to put more factors in your favor to give yourself a high-probability chance of a successful trade.

Selling the XAG/AUD D1 for 3.5:1 R:R profit.

Now, a great example of that is just this week. On Monday, the 20th of October 2025, we took a sell trade on the daily Silver Australian dollar. So go have a look at the charts — XAG/AUD — on the daily charts, and you will see that Friday's candle, the completed Friday candle, was an all-time high, but also it closed very strongly back down as a bearish candle and had a number of other things in its favor.

Not only was it an all-time high, but it had a trend line break, it was overbought, there had been recent divergence, and it broke down through the round number of 80 and closed below that level at the end of the week. So on Monday, at the beginning of the week, we suggested and took ourselves a sell trade based off that chart.

Now, if you've been following gold and silver against almost everything over the last few weeks and months, you know that they've just gone up and up and up. They're going crazy. And so with anything that does that, there's always going to be an opportunity for it to get overbought and then pull back. Now, I don't know — and I don't particularly care — whether gold and silver, or in this case silver against the Australian dollar, has a massive fall away. It doesn't really matter for this particular trade.