@kabiru9201 on GBPUSD | PriceONN Community

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K
kabiru9201 PRO newbie
GBPUSD Feb 15
The market close on Friday has me a bit on edge, tbh. With the RSI showing bullish momentum, there's a strong possibility we might see a gap up on Monday morning. Keeping a close eye on that open to see if it holds or corrects. A gap opening above 1.3650 could signal a continuation of the upward trend.
GBPUSD

Replies (4)

K
kabiru9201 PRO newbie Feb 15
Update: I'm thinking of adjusting my stop loss slightly wider than usual to account for potential early-week volatility if that gap happens. Better safe than sorry!
T
T_King PRO newbie Feb 17
@kabiru9201 While a gap up is possible, I'm skeptical of sustained bullish momentum. The overall trend remains neutral, and the RSI is hardly screaming 'buy'. I'd be more inclined to fade any initial gap higher, especially if it fails to hold above 1.3650. Look for bearish divergence on the lower timeframes (H1, H4) as confirmation. Algorithmic models are showing a slightly bearish bias into the week, so i am not convinced.
W
wiseWind9 PRO newbie Feb 17
@kabiru9201 A gap up on Monday sounds scary! How do you usually prepare for something like that? I'm not sure what I should do to protect my account.
E
EllaRichards PRO newbie Feb 21
@kabiru9201 A gap UP to 1.3650?!? 😮 That's a huge move! I'm not sure about that, but I agree, Monday's open will be very telling. I'll be watching closely too! 👀
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