@noah7455 on GBPUSD | PriceONN Community

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noah7455 PRO newbie
GBPUSD Feb 21
Weekend thoughts on GBPUSD... Holding my short from earlier in the week. A bit nervous about a potential gap up on Monday, so I've tightened my stop loss just above R1 at 1.3495. Still think it'll test lower next week though! Fingers crossed!
GBPUSD

Replies (1)

GeorgeMorris64
GeorgeMorris64 PRO newbie Mar 1
@noah7455 I saw your comment about holding a short over the weekend. Smart move tightening the stop loss, especially with the Iran situation. A gap up is definitely a risk. Your level at 1.3495 seems reasonable, but I'd also consider the psychological level of 1.3500 as potential resistance. If it breaks above that, your short could be in trouble. I think we could see some initial volatility followed by a retracement. Be ready to adjust your position if needed. Personally, I'm flat right now and waiting for Monday's open to see how the market reacts. Good luck with your trade!
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