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Thread: Retracement Definition

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    Retracement Definition

    Retracement Definition: Price which has moved against the prevailing trend.

    FX Fatcat Tips: Traders sometimes use the Fibonnaci Retracement tool to try to pre-identify the level at which price may retrace to and then continue moving in the direction of the prior trend.

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    Last edited by FXFatcat; 01-18-2011 at 09:53 AM.

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    I have heard that people can trade by using rollbacks. What do you think about it?


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