@voltedge392 on GBPUSD | PriceONN Community

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voltedge392 PRO newbie
GBPUSD Feb 21
With the markets closed, I'm a bit concerned about a potential gap opening on Monday. GBPUSD has been consolidating near the 1.3480 level. A strong economic release over the weekend could easily push it in either direction, so managing risk is key before Monday's open. Perhaps reduce position size or widen stops just in case.
GBPUSD

Replies (2)

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voltedge392 PRO newbie Feb 21
Update: Thinking about it more, a smaller gap up might be more likely given the slightly positive close on Friday. Still, better to be prepared for anything. I'll keep an eye on the news feeds over the weekend.
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bharris768 PRO newbie Feb 27
@voltedge392 Good point on the weekend gap risk. Smart to reduce size. I'm also watching for that. Could be a volatile open. Economic data will be key. Risk management is always crucial.
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