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Understanding Retracements and Reversals
Tuesday, January 2, 2018
Expert: Alan Greenwald Hosted by: TradeTime- Forex
- Technical Analysis
- Price Action
- Intermediate
- Advanced
The knowledge to predict the difference between a retracement and a reversal is a great tool to add to your trading arsenal. Many experienced traders are still unable to detect the difference between an assets retracement and a potential reversal. Reversals are temporary changes in a trend that occurs over a short period of time. Whereas retracements are momentary changes that often occur during a longer trend. Unlike reversals, retracements show a continuation of an opposing trend within the targeted price action. Being able to successfully determine whether an asset is displaying a reversal or retracement is vital if you want a high success rate trading portfolio.
Let’s say you’ve entered a market and are holding a position. But now the market is moving against you. Is this current move a retracement or a reversal? If it’s a retracement, it is a temporary pullback, where prices will bounce off support and resume the direction of the original trend. Deciding when to close your trade or keep it going is very important if you want to earn more pips but not turn a winning trade into a losing position.
Alan Greenwald
Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking to for an expert’s input in their trading strategy.
Let’s say you’ve entered a market and are holding a position. But now the market is moving against you. Is this current move a retracement or a reversal? If it’s a retracement, it is a temporary pullback, where prices will bounce off support and resume the direction of the original trend. Deciding when to close your trade or keep it going is very important if you want to earn more pips but not turn a winning trade into a losing position.
Alan Greenwald
Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking to for an expert’s input in their trading strategy.