October 26, 2025 • 6 mins
Daily Reversal Pattern That Nailed Profit Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #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. 04:23 – Brand New Forex Masterclass. 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. All I'm looking for is a slight pullback based on the candle pattern. Now, two candles later, we hit our full profit target on this particular trade for a very healthy 3.5 to 1 reward-to-risk. So that means if you risked 1% on the particular trade, you would have made a 3.5% gain on your account, which is pretty amazing considering it took just what — a minute, if that, to place the trade — and two candles later it hit the profit target. So have a look at what actually happened on the chart. Now, we take limit orders. Traded using a Sell limit order. So at the beginning of the week, we didn’t just take a market order. We put a sell limit to sell XAG/AUD if the price first pulled back — which it did. It got to exactly our entry level and then turned around as anticipated and went straight to our profit target some two candles later.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
I want to talk all about reversal patterns. And we
had a fantastic reversal pattern on a daily trade just
this week, and they look really good on your charts,
and they can be a fantastic way to profit from
the markets. So let's talk about reversals and more right now,
(00:28):
Hey there, traders, is Andrew Mitcham here at the Forest
Trading Coach with video and podcast number six hundred and eleven.
So I personally trade two different patterns 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
(00:51):
means that you're trading with the dominant trend but after
a pullback or tracement. However, I also still do look
at reversal trades. Now, they can look really, really good
on your charts, but they do pose slightly more risk
because you are trading against a very strong uptrend or
(01:12):
down trend. However, there's 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. Now,
a great example of that is just this week. On Monday,
the twentieth of October twenty twenty five, we took a
cell trade on the daily Silver Australian dollar. So you
(01:36):
go have a look at your charts xagaud 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.
It had a number of other things in its favor.
Not only was it an all time high, is that
(01:57):
it had a trend line break, it was overbought. There
have been recent divergence. It are broken down through the
rand number of eighty and closed below that level at
the end of the week. And so on Monday, at
the beginning of the week, we suggested and took ourselves
a cell trade based off that chart. Now, if you've
(02:18):
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 and up. They've gone 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,
(02:38):
silver against the Australian dollar has a massive fallaway. It
doesn't really matter for this particular trade. All I'm looking
for is a slight pullback based on the candle pattern. Now,
two candles later, we hit our full profit target on
this particular trade for a very healthy three point five
(02:59):
to one reward to risk. So that means if you
risk one percent on the particular trade, you would have
made a three point five percent gain on your account,
which is pretty amazing considering it took just what a
minute if that to place the trade, and two candles
later it hits the profit target. So have a look
at what actually happened on the chart. Now, we take
(03:19):
limit orders, so at the beginning of the week, we
didn't just take a market or we put a sell
limit to sell silver Australian dollar. If the price first
pulled back, which it did, it got to exactly our
profit target. Sorry, it got to exactly our entry level.
It then turned around as anticipated and went straight to
our profit target some two candles later. So that is
(03:41):
a great example of a lot of things all adding
up together to suggest that that trade was going to
work in our favor. And so when you look at
it on a bigger picture, silver Australian dollar had been
an enormous uptrend. It had turned over, and we took
that opportunity to sell it. As I mentioned, where it
goes now, I'm not particularly bothered because I'm out of
(04:03):
this particular trade and I'm therefore looking for new opportunities.
It could well pull back and then continue back up
again in that overall direction. If that's the case, that
gives us a great biopportunity, which becomes a continuation pattern.
But today we're talking reversals, and so that is a
great example of reversal patterns. If you'd like to find
(04:23):
out more about how we trade and how we can
teach you and help you to become a successful trader
with our help. And after all, we've been doing this
more than sixteen years and have clients in one hundred
and nine countries, so we kind of know what we're
doing and we know what works and what doesn't in
terms of the strategy and teaching. If you'd like to
find out more, click on the link you'll find my
(04:44):
thirty minutes on demand masterclass. So to set aside thirty
minutes go and watch that. You're going to learn a
lot of information from that. Also, don't forget to go
back and watch previous videos and podcasts just like this.
After all, there are six hundred and eleven of them
for you to hard to go and learn from. And
if you'd like to book a call to have a
chat with either myself or one of the team, I
(05:06):
put a link here for that as well. You can
have a no obligation thirty minute chat and we can
help you with your trading and show you what we
do and how that could potentially help you. If you're
out there looking for a very good broker, I can
highly recommend Blueberry Markets. I put a link to them here.
All these trades that you see behind me here are
all taken on Blueberry Markets. In terms of like that
(05:27):
silver trade silver Australian. You know, they've got silver and
gold against the Australian in the US, of course, the Euro,
the pan the Chinese, you are, the Singapore dollar, and
there's probably others that I've missed. So lots and lots
of opportunities to be very selective and pick the highest
quality charts set up as technical traders that's exactly what
(05:47):
we need. So Blueberry markets I can highly recommend you
can consider them if you're out there looking for a
good broker. That's it for this week. I hope you've
enjoyed the session and learned all about reversals. Any questions
or comments please leave them on the area on this page,
and don't forget to like and subscribe and share this
to anybody who is out there looking to become a
(06:07):
good trader. And I'll see this time next week. Bye
for Nee.
I want to talk all about reversal patterns. And we
had a fantastic reversal pattern on a daily trade just
this week, and they look really good on your charts,
and they can be a fantastic way to profit from
the markets. So let's talk about reversals and more right now,
(00:28):
Hey there, traders, is Andrew Mitcham here at the Forest
Trading Coach with video and podcast number six hundred and eleven.
So I personally trade two different patterns 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
(00:51):
means that you're trading with the dominant trend but after
a pullback or tracement. However, I also still do look
at reversal trades. Now, they can look really, really good
on your charts, but they do pose slightly more risk
because you are trading against a very strong uptrend or
(01:12):
down trend. However, there's 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. Now,
a great example of that is just this week. On Monday,
the twentieth of October twenty twenty five, we took a
cell trade on the daily Silver Australian dollar. So you
(01:36):
go have a look at your charts xagaud 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.
It had a number of other things in its favor.
Not only was it an all time high, is that
(01:57):
it had a trend line break, it was overbought. There
have been recent divergence. It are broken down through the
rand number of eighty and closed below that level at
the end of the week. And so on Monday, at
the beginning of the week, we suggested and took ourselves
a cell trade based off that chart. Now, if you've
(02:18):
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 and up. They've gone 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,
(02:38):
silver against the Australian dollar has a massive fallaway. It
doesn't really matter for this particular trade. All I'm looking
for is a slight pullback based on the candle pattern. Now,
two candles later, we hit our full profit target on
this particular trade for a very healthy three point five
(02:59):
to one reward to risk. So that means if you
risk one percent on the particular trade, you would have
made a three point five percent gain on your account,
which is pretty amazing considering it took just what a
minute if that to place the trade, and two candles
later it hits the profit target. So have a look
at what actually happened on the chart. Now, we take
(03:19):
limit orders, so at the beginning of the week, we
didn't just take a market or we put a sell
limit to sell silver Australian dollar. If the price first
pulled back, which it did, it got to exactly our
profit target. Sorry, it got to exactly our entry level.
It then turned around as anticipated and went straight to
our profit target some two candles later. So that is
(03:41):
a great example of a lot of things all adding
up together to suggest that that trade was going to
work in our favor. And so when you look at
it on a bigger picture, silver Australian dollar had been
an enormous uptrend. It had turned over, and we took
that opportunity to sell it. As I mentioned, where it
goes now, I'm not particularly bothered because I'm out of
(04:03):
this particular trade and I'm therefore looking for new opportunities.
It could well pull back and then continue back up
again in that overall direction. If that's the case, that
gives us a great biopportunity, which becomes a continuation pattern.
But today we're talking reversals, and so that is a
great example of reversal patterns. If you'd like to find
(04:23):
out more about how we trade and how we can
teach you and help you to become a successful trader
with our help. And after all, we've been doing this
more than sixteen years and have clients in one hundred
and nine countries, so we kind of know what we're
doing and we know what works and what doesn't in
terms of the strategy and teaching. If you'd like to
find out more, click on the link you'll find my
(04:44):
thirty minutes on demand masterclass. So to set aside thirty
minutes go and watch that. You're going to learn a
lot of information from that. Also, don't forget to go
back and watch previous videos and podcasts just like this.
After all, there are six hundred and eleven of them
for you to hard to go and learn from. And
if you'd like to book a call to have a
chat with either myself or one of the team, I
(05:06):
put a link here for that as well. You can
have a no obligation thirty minute chat and we can
help you with your trading and show you what we
do and how that could potentially help you. If you're
out there looking for a very good broker, I can
highly recommend Blueberry Markets. I put a link to them here.
All these trades that you see behind me here are
all taken on Blueberry Markets. In terms of like that
(05:27):
silver trade silver Australian. You know, they've got silver and
gold against the Australian in the US, of course, the Euro,
the pan the Chinese, you are, the Singapore dollar, and
there's probably others that I've missed. So lots and lots
of opportunities to be very selective and pick the highest
quality charts set up as technical traders that's exactly what
(05:47):
we need. So Blueberry markets I can highly recommend you
can consider them if you're out there looking for a
good broker. That's it for this week. I hope you've
enjoyed the session and learned all about reversals. Any questions
or comments please leave them on the area on this page,
and don't forget to like and subscribe and share this
to anybody who is out there looking to become a
(06:07):
good trader. And I'll see this time next week. Bye
for Nee.
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