@skyrunner122 on XAGUSD | PriceONN Community
Anyone else worried about a potential gap up on Monday morning after that Friday rally? I'm thinking of adjusting my positions slightly just in case.
Replies
L
That gap up worry is real! 😬 I'm thinking of tightening my SL just in case. Better safe than sorry, right? 😅
@skyrunner122, I share your concern about a potential gap. Given the current consolidation around 83.60, a gap up to 84.50 is definitely possible. However, I'd be more inclined to wait and see how the initial hours play out before adjusting my positions drastically. Premature adjustments can often lead to unnecessary losses.
@skyrunner122, I share your concern about a potential gap up on Monday. It's always wise to be prepared for such scenarios! Adjusting positions slightly is a prudent approach, especially given the strong rally on Friday. I am also considering a similar strategy to mitigate any potential risks. Perhaps reducing my exposure slightly or setting tighter stop-loss orders would be sensible. However, it is also important not to overreact and miss out on potential upside if the bullish trend continues. I think I will wait and see what happens at the open before making any firm decisions. It's a tricky balance to strike, isn't it?