Elena Triston
(ele020)
Membre depuis 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.
LyudmilLukanov
Membre depuis Jul 23, 2020
posts 793
Feb 01 2021 at 09:25
Retracement is temporary price reversals and reversal is when the trend changes direction.
forextrader777
Membre depuis Jan 16, 2021
posts 128
Feb 01 2021 at 12:24
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.
Retracement is there when there is a temporary price reversal which does not make any changes in the larger trend.
Elena Triston
(ele020)
Membre depuis Apr 15, 2020
posts 219
Feb 02 2021 at 06:45
forextrader777 posted:
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.
Right, but how do you identify if its going to be a retracement or reversal for the purpose of planning your trade?
The more your practice, the more you learn.
There is a bit of difference between the two. Reversal is when a trend changes direction while retracements are price reversals that happen within a larger trend. They are usually temporary in nature.
This is a quite long video, but this may be useful in helping you out in understanding the difference with these -
robindude posted:
This is a quite long video, but this may be useful in helping you out in understanding the difference with these -
This is very useful, thank you for sharing this
klosspiece
Membre depuis Dec 22, 2020
posts 36
Mar 03 2021 at 07:51
Reversal is when the trend changes direction while retracement is a temporary price reversal that happens within a larger trend.
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