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Retracement

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Retracement
A price movement in the opposite direction of the previous trend.

Retracement
A situation in which a price begins to move back toward its former price after it has changed significantly in a brief period of time. An example of retracement occurs when a stock falls 10% but then recovers 8%.


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The Euro Pound is starting to look like a retracement phase is at hand and that implies some Pound relative strength, not surprising given the key resistance we have found for the Euro USD.
jpg" alt="" width="180" /><br> </span> Fibonacci retracement is a very popular tool among technical traders and is based on the key numbers identified by mathematician Leonardo Fibonacci in the thirteenth century.
The process is simple: Identify the overall trend Look for a retracement Look for a candlestick pattern to confirm a reversal at the retracement level http://www.
 
 
 
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