FX, First-in Scenario [EUR/USD] 20191127

7:40 Addendum

Scenario if it goes lower

1. Break the red line at 1.09962 and then aim to sell.

It's not about predicting whether it will rise or fall; decide in advance what to do if it goes up or if it goes down, and respond accordingly.

And if you enter at the pre-decided point, always set a stop loss (SL).

If it moves in the favorable direction, take profit; if it moves unfavorably, cut losses.

Both profit-taking and stopping losses should be planned in advance and executed accordingly.

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