@GeorgeClark on EURUSD | PriceONN Community

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GeorgeClark PRO newbie
EURUSD Mar 17
Hey @ChristopherW72, I get the hesitation about closing positions before the weekend, especially if it means realizing a loss. Been there myself more times than I care to admit. But honestly, with EURUSD finishing where it did, and that bit of news about the ECB possibly not being as dovish as some thought, I'd lean towards cutting losses if my stop is hit. Markets can do crazy things overnight, and a gap down can really wreck your P&L before you even get a chance to react. Smart money often sweeps the lows before a big move, so gotta be careful.
EURUSD

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GeorgeClark PRO newbie Mar 17
Actually, thinking more about that gap down risk, it's not just about cutting losses. It's also about opportunity. If EURUSD does gap down, and it looks like a false move – say, price quickly reclaims the previous day's low or even the pivot point around 1.15347 – that could be a great entry for a quick scalp back up. I saw something similar happen last month with the cable, and managed to catch about 30 pips on the bounce. It's all about waiting for confirmation after the initial shock. The RSI is still reasonably high at 66, so there's room for upside if buyers step in. Just gotta be patient and not chase the market if it gaps against you.
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