What Is a Retracement in Forex?
admin on October 28th, 2011
You’ll hear a lot about retracements in Forex, in particular that you should trade off of them. While the word “retracement” is often found in the context of Fibonacci retracements, it is a broader, more general topic, and quite often people referring to retracements aren’t referring to Fibonacci levels at all. What is a retracement in Forex? Quite simply, a retracement is any temporary reversal in price within a major price trend. The word [...]
