|
Retractments
Retractments seem to be the hardest obstacle for me to overcome in trading. How do you tell when a retractment will become a full blown reversal? I set a stop on eur/usd and the retractment came within 1 pip of my stop before turning around for a 80 pip gain. Can anyone give me any advice on determining the difference between a retractment and a reversal? Your comments would be much appreciated.
|