How Do I Analyze Price Retrace on Charts?
How Do You Trade Price Retrace on Charts?
The forex price of a forex instrument does not move upwards or downwards in a straight line. Instead the forex price of a forex instrument moves up or down in a zigzag pattern called a trend.
Upward trend price retrace - the forex price moves up-wards in a forex trend then it pulls back before it resumes the upwards trend direction
Downward trend price retrace - the forex price moves downwards in forex trend direction & then retraces before resuming the downwards forex trend direction.
What Does Forex Retrace Mean? A price retrace is a pull-back of forex price before the forex market resumes original trend movement.
Price Retrace Meaning & Retrace Explained
How Do I Analyze Price Retrace on Charts?
Explanation of Forex Retrace Pattern
1-2: Price Moves Up - Trend Direction
2-3: Price Retrace
3-4: Price Moves Up - Trend Direction
4-5: Price Retrace
5-6: Price Moves Up - Trend Direction
The retrace definition of price is illustrated on the forex example - this represents a forex retrace move in an up ward trend.
How Do You Analyze Price Retrace on Charts?
