Who do you differentiate between Retracement and Reversal?
Feb 01, 2021 at 07:39
Vistas 325
5 Replies
Elena Triston (ele020)
Miembro desde Apr 15, 2020
posts 219
Feb 01, 2021 at 07:39
I welcome views from both Newbies and experience traders that when do you know if its a retracement of reversal?
The more your practice, the more you learn.
Miembro desde Jul 23, 2020
posts 869
Feb 01, 2021 at 09:25
Retracement is temporary price reversals and reversal is when the trend changes direction.
Elena Triston (ele020)
Miembro desde Apr 15, 2020
posts 219
Feb 02, 2021 at 06:45
forextrader777 posted:Right, but how do you identify if its going to be a retracement or reversal for the purpose of planning your trade?
Reversal is there when the price continues for a longer period in the direction of the trend.
Retracement is there when there is a temporary price reversal which does not make any changes in the larger trend.
The more your practice, the more you learn.
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