@siphodlamini70 on GBPUSD | PriceONN Community

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siphodlamini70
siphodlamini70 PRO newbie
GBPUSD Mar 14
Considering the oversold RSI on the daily chart, I'm planning a possible contrarian long entry on Monday morning. However, I'll be closely monitoring the open for any gap down, especially in light of the geopolitical tensions. A significant gap could invalidate the setup, requiring a re-evaluation of strategy. Risk management is key here.
GBPUSD

Replies (1)

S
sarah2284 PRO newbie Mar 15
@siphodlamini70 I saw your post about a contrarian long entry! I'm thinking something similar, given the oversold RSI. But like you said, that gap down risk is real... Especially with all the stuff happening overseas.

I'm gonna wait and see how Monday opens before making any moves. A big gap down, and I'm out. No point in forcing a trade. Better to be safe than sorry, right? Good luck to you, hope it works out! 👍
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