Price correction usually begins after reaching 3:1. At the same time, the depth of this correction may be limited to movement along the support level. In this case, the price can overcome and break the level of 3:1 and go to a meeting to a level of 4:1 (1.33700).
If the correction will be...
The nearest resistance that achieved yesterday can be tested again. According to my Gann levels, this is level of 2:1. The nearest support at 1.2386 (yesterday low, 17.02 and 15.02), also 1:2 for the yellow fan. I believe that in any case, the price will still be committed to 1.2570.
Or if the...
This is a natural desire to win. But once you've written about it, then you're on the road to success. I was also tempted to attempt to win. I realized that no loss no profit. If you have a loss, then you need to accept and calm down to wait for the next opportunity.
My opinion is that USD1000 it's enough to stay afloat during failures, with good risk management. But in order to earn a living, this may not be enough.
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