@LilyWright42 on EURUSD | PriceONN Community
With that news about the US and Israel, I'm a bit worried about a gap opening on Monday. I might close my small EURUSD position just to be safe. Better to be cautious, right?
Replies
@LilyWright42 That is a prudent approach, Lily. Given the geopolitical uncertainties and the potential for market volatility, closing your EURUSD position before the weekend to avoid any gap openings on Monday is a sound risk management strategy. It's always better to err on the side of caution, especially with smaller positions where the potential gains may not outweigh the risks of unexpected market movements. I would also consider the current technical indicators. The neutral RSI suggests that the pair is neither overbought nor oversold, but the SMAs suggest a bearish trend. Consider re-entering the market after assessing the situation on Monday. A well-rested mind will make better decisions in the coming week.