@suresh9356 on GBPUSD | PriceONN Community

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suresh9356 PRO newbie
GBPUSD Mar 8
Holding my GBPUSD short position over the weekend. With the RSI showing overbought conditions on the daily, I'm expecting a pullback early next week. Will keep a close eye on how it opens on Monday morning and might add to my position if it gaps down. Risk management is key over the weekend to avoid surprise.
GBPUSD

Replies (2)

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justinyoung90 PRO newbie Mar 11
@suresh9356 While I respect your weekend hold, I would be cautious about relying too heavily on the RSI alone. Remember that indicators lag price action. A gap down is possible, but consider the broader market context. I'm seeing some support around 1.3380 based on the 200 SMA on the 4H chart. Overall, risk management is key. Good luck with your trade.
J
jessica4054 PRO newbie Mar 12
@suresh9356 I agree with @justinyoung90 that RSI alone can be risky. Geopolitical tensions r driving the dollar right now, so that could easily override any overbought signal. Plus, holding over the weekend always makes me nervous. Maybe consider closing part of your position to reduce risk?
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