Yesterday, I decided to close out my short positions on the EUR/USD, which on hindsight was a big mistake. I should have stuck with my original TP, and it would have rewarded me with an additional $4000.

Many people have asked me how I derived my TP of 1.3252, and I have decided to reveal one of my techniques for doing precise price projections. If you see the pink grid in the chart, I had that plotted even before the breakout, and if you observe the black sell arrow at the top, that is where price reached, almost to the precise pip. That’s how accurate it can be.

For today, the path of last resistance is still upwards, and I will be watching to either enter on higher timeframe pullbacks or in the opposite direction should I spot any reversal pivotal points.

ALL YOU NEED TO KNOW ABOUT TRADING!

Hi, Spencer here! 😀

After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.

comment-img As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.
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