Daniel Chesler Hikkake pattern is a great pattern for trend continuation traders and it has many options to a profitable trade result including trading them when they fail...assuming there's another candlestick pattern inside the intervals just before the Hikkake. wrbtrader
A pattern which I am trialling on the forex daily charts is a 3-day exit and re-set. This is for trending charts; trends are common in forex in the daily time-frame but they are prone to significant pull-backs and frequent failure. For an uptrend example, when price prints 3 successive higher closes, the following day will probably have either a lower close or a lower range or both. This presents an opportunity to exit at the close of the 3rd day and bank profits before a significant pull-back, while the 4th day offers the chance to re-enter the trend using a buy stop order at either its (lower) high or between its (lower) close and the 3rd day's close.