$FIL 5 minutes +2.85%, current price 1.1333. If you're itching to chase the rally, ask yourself three questions first:
① The 24-hour high of 1.1352 hasn't been broken yet—is the risk/reward still worthwhile?
② This is a sudden spike. What will you do if a pullback comes?
③ Where's your exit plan? Do you have an answer?
Only act once you have answers to all three. If you haven't thought it through, it's better to miss out.
#FIL
Markets involve risk. Enter with caution.
① The 24-hour high of 1.1352 hasn't been broken yet—is the risk/reward still worthwhile?
② This is a sudden spike. What will you do if a pullback comes?
③ Where's your exit plan? Do you have an answer?
Only act once you have answers to all three. If you haven't thought it through, it's better to miss out.
#FIL
Markets involve risk. Enter with caution.