Reverse engineering trades week during the Tokyo session at FXbootcamp.com. We're looking at the idea of finding targets, and figuring out what type of price action would make sense to achieve those targets. In this video we targetted 1.9881 for the GBPUSD and pointed out a bit how that price level was derived. As we're uploading this a day after recording it, we can say that price went to seven pips above our target before stopping for the day yesterday. Not a bad target for price action.
Thanks Jarius. Great example of projecting a logical price target. Thanks. DaveA
coolnine9 4 years ago