You’ve probably heard the word “retracement” or “retrace” quite frequently if you’re interested in trading the financial markets. But do you actually know what price retracements are, why they’re so important and how to properly take advantage of them? Perhaps not, but even if you do, today’s lesson is going to shed new light on how to utilize these extremely powerful market events..
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Original source: https://www.learntotradethemarket.com/forex-trading-strategies/price-action-retracement-entry-types