How I caught 100 pips on EUR after my analysis got INVALIDATED!
In my last analysis, we were expecting EURUSD to retrace to the golden zone where I was looking for buying opportunity.
Unfortunately, the price broke the highs and continued moving to the upside. Our main goal was to buy EURUSD targeting areas above 1.090.
So what we did was that we waited price to come back to an area where we had at least two confluences.
1. Uptrend
2. 61.8 fibonacci level
Using the Fibonacci tool from the last low to the last high, we were able to catch EURUSD at a good level ( 1.087 ) targeting the 1.098 level ( +100 pips )
Price will always come back and give you the best opportunity so no need to FOMO and panic!
This is an explanation of how we can find a high probability trade like the one above
Unfortunately, the price broke the highs and continued moving to the upside. Our main goal was to buy EURUSD targeting areas above 1.090.
So what we did was that we waited price to come back to an area where we had at least two confluences.
1. Uptrend
2. 61.8 fibonacci level
Using the Fibonacci tool from the last low to the last high, we were able to catch EURUSD at a good level ( 1.087 ) targeting the 1.098 level ( +100 pips )
Price will always come back and give you the best opportunity so no need to FOMO and panic!
This is an explanation of how we can find a high probability trade like the one above
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