Forex Trading | Revealed: Precision Price Projections for Taking Profit
Weekly AMA on Instagram - Ask me anything about trading & investing, stock picks, market analysis, etc!
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.
New to Trading? Make your first live trade today in this workshop! Meet Spencer live for 3 hours of hands-on training! No prior experience required! Learn all the basics of trading, and step-by-step guidance to make your first trade!
If you're looking for the best trading opportunities every day across various markets, and don't want to spend hours doing the research yourself, check out our private Telegram channel!
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
Leave a Reply
Want to join the discussion?Feel free to contribute!