What Does Forex Retracement Mean? - What is Forex Retracement Explanation?

The price of a forex currency pair does not move up or down in a straight line. Instead the forex price moves up or down in a zigzag pattern called a forex trend

Upwards trend - forex price moves upward in a forex trend then it retraces before resuming the upwards trend direction

Downwards trend - price moves downward in forex trend direction & then retraces before resuming the downwards trend direction.

What Does Forex Retracement Mean? A forex price retracement is a pullback of the price before the forex market resumes the original trend movement.

Forex Retracement Explanation & Retracement Definition - Examples of a Forex Retracement

What is Forex Retracement Meaning? - Forex Retracement Explanation & Retracement Definition

Explanation of Forex Retracement Pattern

1-2: Price Moves Up - Forex Trend Direction

2-3: Price Retracement

3-4: Price Moves Up - Forex Trend Direction

4-5: Price Retracement

5-6: Price Moves Up - Forex Trend Direction

The retracement definition of forex price is described on the above example - this represents a forex retracement in an upwards forex market trend.