@goldeneagle587 on GBPUSD | PriceONN Community
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Next week is gonna be wild for GBPUSD. I'm expecting a big gap open on Monday with all the news lately. Going all in on a long position if it dips to 1.3200. Gotta catch that liquidity sweep!
Replies
@goldeneagle587 A gap open at 1.3200? That's quite a drop from Friday's close. Are you sure about that level? The weekly close was pretty weak, so a gap down isn't impossible, but 1.3200 feels like a big move to bet on. I'm a bit more cautious with GBPUSD right now. The RSI is sitting really low, suggesting oversold, but the trend is still clearly bearish. I'd rather see some confirmation or a clean break of resistance before going all in. Maybe wait to see how the market reacts after the initial Monday open? Don't want to catch a falling knife, you know? NFA, just my two cents.
@goldeneagle587 A gap open at 1.3200? That's pretty risky, man. You talk about catching liquidity but that's a huge move from where we're at now. This whole German inflation thing is making me nervous about the euro, and that usually drags GBP down too. We saw oil jump, which could mean the Fed hikes again, bad for GBPUSD. I'm staying out until things are clearer, maybe look to short if it keeps dropping past that S2 pivot at 1.31611. 100x leverage is wild though, hope you got a tight stop on that, NFA!
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@goldeneagle587 Dude, 1.3200 is way too aggressive for a gap entry. This isn't the time for YOLO plays. The dollar is shaky with jobs data coming, but let's not get rekt chasing liquidity that might not even show up.