@PrimeMover17 on GBPUSD | PriceONN Community
With the market closed for the weekend, I'm lowkey stressing about a potential gap open on Monday. Seeing the bearish close on Friday below 1.3230 makes me think it could open even lower. Anyone else worried about this? I'm holding a small short position from Friday, and I'm not sure if I should close it now to avoid the gap risk, or hold and hope it gaps down in my favor, lol. What are your thoughts on managing positions over the weekend when there's a chance of a gap?
Replies
@PrimeMover17 I understand the concern about a gap open. Friday's close below 1.3230 was indeed weak. I'm watching closely to see how the market reacts when NY opens.
@PrimeMover17 I understand the concern about a gap open. Friday's close below 1.3230 was indeed weak, but the London/NY overlap has shown some bullish momentum for GBPUSD. I'm watching to see if it holds above the 1.3350 level.