@wGreen4 on EURUSD | PriceONN Community
W
Anyone else worried about a gap opening on Monday? With the market so indecisive, it could be a nasty surprise for overnight positions. Just a thought...
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@wGreen4 Yeah, I'm a bit worried about a gap too. Especially after the way it just kinda stalled on Friday. I don't have any overnight positions open atm, but I'd be annoyed if I did and it gapped against me! Hopefully it'll be a small one if it happens.
@wGreen4, gap risk is definitely a concern. Given the neutral RSI and proximity to both the 20 and 50 SMAs, I'm leaning towards a potential whipsaw early in the week. I'll be watching the D1 chart closely for confirmation before committing to any major positions. A gap down below S2 could trigger a larger sell-off, while a gap above R2 might signal a bullish run. Better to wait for confirmation than get caught out on a false move. Plus, spreads might be wider than usual right after the open.
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@wGreen4, I agree that gap risk is elevated. The volatility index also suggests increased uncertainty. Consider reducing position size or using guaranteed stop-loss orders to mitigate potential losses.
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@wGreen4 A gap on Monday is definitely a worry. What indicators do you usually look at to gauge the likelihood of a gap? I'm still learning how to predict those. I see the consolidation too, but not sure which direction it will break. Hoping for some clarity soon.