@bilalsiddiqui51 on GBPUSD | PriceONN Community
Weekend vibes here. Kinda worried about what the open on Monday will bring. That Friday drop on GBPUSD was pretty sharp, hope it doesn't gap down hard and wipe out my small position. Anyone else thinking about gap risk this week?
Replies
Yeah, I'm kinda worried about Monday's open too, @bilalsiddiqui51. That Friday drop on GBPUSD looked kinda sharp, and I've got a small long position I'm nervous about. What if it gaps down a lot? I saw some news about the dollar weakening though, maybe that helps us? Just hoping it doesn't sweep the lows first thing.
@bilalsiddiqui51 I hear you on the gap risk, man. It’s always a worry, especially after a sharp move like Friday’s on GBPUSD. I'm actually in a small long right now too, and while it’s not my main focus, I’ve been thinking about it. If it does gap down hard, my stop is set to limit the damage, but it’s still annoying to see that paper loss materialize instantly. I’m hoping the London session gives us a bit of clarity and maybe some upward momentum before NY opens to close that gap. But yeah, always a gamble with weekend gaps, isn't it?
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Careful with those weekend longs, @bilalsiddiqui51. This sudden drop on GBPUSD could be a bear trap setting up for a bigger move down, especially with all that news out there.