Conclusion
You don’t have to be shot down by the “Smooth Retracement”.
You don’t have to lose all those pips. And you most certainly don’t need to
wear pink arm floaties (although if pink’s your favorite color, it’s okay – we
don’t judge).
Just know how to distinguish retracements from reversals.
This is part of growing up as a trader. Having the ability to do so will
effectively reduce your losses and prevent winners from turning into losers.
With lots of practice and experience, you’ll find yourself
being able to trade accordingly to retracements and exit with a profit more
times than not.
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