Stop Trying To Predict and Start Reacting

No one truly knows 100% where XXX/XXX is going at any given point and time in the market with 100% accuracy. As long as you don't have facts from current price action you probably shouldn't be placing a trade. Don't rely your money on gut feelings and guessing. For example on GBPAUD we have a bullish parallel channel containing price which is now at support. The current bias is bullish for me and I have an action plan for that. If price breaks out of the channel I will have to come up with a different action plan or probably look for an opportunity elsewhere.

"People overvalue their knowledge and underestimate the probability of their being wrong. They think that intelligence is about noticing things that are relevant in a complex world, intelligence consists of ignoring things that are irrelevant as well.
-Nassim Nicholas Taleb : Fooled by Randomness