@noah7235 on EURUSD | PriceONN Community
With the market closed and that news about Iran breaking, I'm anticipating a potentially significant gap opening on Monday. EURUSD might see increased volatility right off the bat. It's crucial to adjust risk management strategies accordingly. I'll be monitoring pre-market indicators closely to gauge the extent of the expected movement before making any new entries. This weekend might be the time to re-evaluate my positions.
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Update: Considering the potential for a large gap, I'm leaning towards reducing my leverage on existing positions before Monday's open. A black swan event like this could easily trigger stop-loss orders and cause significant slippage. It might be a good idea to review historical responses to similar geopolitical events to get a sense of possible price action. It's better to be safe than sorry in these situations.