Have you ever been in a situation where it looks like prices are likely to continue to move upwards (uptrend / uptrend) and you are getting ready to install a long position (buy orders), but what happens then is the price rebounded down and getting down?
This Situation may occur when the trader is not aware of the difference between retracement and reversal. Instead be patient and follow the downtrend (a downtrend) as a whole, traders believe that the case is a condition retracement so put a buy order.
In this article, you will learn the characteristics of a retracement and a reversal in forex trading, how to recognize it, so it is not wrong in determining the real market conditions.
What is Fibonacci?
Fibonacci price movement can be defined as the reverse direction for a while against the trend. Another way to see this is to look at the price movement area that moves against the trend but then returned to continue the trend.
What Is a Reversal?
Reversal is defined as the change in the price of the reversal of the overall trend. When turning to the uptrend downtrend, reversal occurs. When downtrend turned into an uptrend, a reversal also occurred. Read More...