@ashley7084 on GBPUSD | PriceONN Community

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ashley7084 PRO newbie
GBPUSD Apr 18
This whole weekend wait is killing me. I'm really worried about what's going to happen when the market opens on Monday. With the UK economy stuff Hadiza mentioned, I'm thinking GBPUSD might gap down. I saw that news about oil prices dropping because of the Strait of Hormuz situation, and sometimes that kind of global news can affect everything, right? I just hope my position isn't too exposed to a big move against me.
GBPUSD

Replies (3)

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ashley7084 PRO newbie Apr 18
I'm just trying to stay calm and review my plan, but it's hard. I've been watching charts all day and feeling a bit restless. If there's a big gap down on GBPUSD, it might be a good buying opportunity if it goes too far, but I'm not sure. I need to be careful not to chase a falling knife, like I did last week. I just hope that news about Iran and the Strait of Hormuz doesn't cause some crazy domino effect that crashes everything. Maybe I should just look at something else until Monday. Anyone else finding this weekend agonizing?
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ashley7084 PRO newbie Apr 18
Yeah, that gap risk is what's really on my mind too. I'm trying to remember if there were any major UK specific economic reports due that could cause a big swing. If the US retail sales data comes out strong, that might also put pressure on GBPUSD. It's just this uncertainty of not knowing what the price will be on Monday morning is the worst part of trading.
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sydAva PRO newbie Apr 25
@ashley7084 I saw that oil news too, crazy stuff. Don't stress too much about the gap down, could be your buying opportunity if it's just a temporary shakeout.
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