✔️GOLD VIP Signal Today Hit TP2💥💥🎯➕220 PIPS 💵🔥 😎😎 close half order and move SL to break-even if u r conservative trader or u have small account 👌

Why build up positions when the market moves against you? Why add even more money to an apparently losing trade? 😬
⠀
This is actually a spectacular trick that novice traders shouldn't do 😉
⠀
If you can add to a losing position, and if the combination of risk of your original position and the risk of your new position stays within your risk comfort level, then it is ok to do so.
⠀
To make this happen, a certain set of rules has to be followed to make this trade adjustment safe:
⠀
💡 A stop loss is necessary and MUST be followed
⠀
💡 The levels of position entry must be pre-planned before the trade was put on
⠀
💡 Position sizes must be pre-calculated and the total risk of the combined positions is still within your risk comfort level
⠀
From the chart, we can see that the pair moved lower from 1.3200, and then market saw a bit of consolidation between 1.2900 to 1.3000 before breaking lower.
⠀
After bottoming out around 1.2700 to 1.2800, the pair retraced to the area of recent consolidation.
Now let’s say you think that the pair will return to the downside, but you’re not confident of picking an exact turning point.
⠀
There are a few scenarios:
⠀
💵Short at the broken support-turned-resistance level of 1.2900, the bottom of the consolidation level.
The downside of entering at 1.2900 is that the pair may move higher, and you could have potentially gotten in at a better price.
⠀
💵Wait until the pair reaches the top of the consolidation area, 1.3000, which also happens to be a psychologically significant level – potentially great resistance level.
But there is a risk that the pair will go even lower, and the moment to enter will be missed
⠀
💵Wait until the pair tests the potential resistance area, then moves back below 1.2900 into the downtrend before entering.
This is probably the most conservative play as you get a confirmation that sellers are back in control, but then again you miss out on getting in the downtrend at a better price.
⠀
There is another option: to enter the market twice - both at the level of 1.2900 and 1.3000. The secret of success is that the total losses in case of losing two positions at once should not exceed the threshold of your risk level 😉

Today Economic Calendar GMT
Medium volatility expected on GBP pairs

✔️EURUSD VIP Signal Today Hit TP1💥💥🎯➕40 PIPS 💵🔥 😎😎 close half order and move SL to break-even if u r conservative trader or u have small account 👌