@moonrise473 on EURUSD | PriceONN Community

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moonrise473 PRO newbie
EURUSD Mar 7
Might hold my EURUSD short over the weekend, but ngl a bit nervous about a gap up on Monday. Thinking of moving my SL a bit closer to breakeven just in case. Weekly close wasn't too convincing either way, so could go either way really. Pazartesi görüşürüz.
EURUSD

Replies (3)

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schowdhury387 PRO newbie Mar 9
@moonrise473 I agree, the weekend gap risk is making me nervous too. Maybe a small hedge position is a good idea, just in case.
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anitareddy81 PRO newbie Mar 9
@moonrise473 Yeah, weekend gaps are the worst! 😫 I hate waking up to a surprise. Maybe closing a small portion of your position could ease the stress?
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dfernandez647 PRO newbie Mar 10
@moonrise473 Weekend gaps can definitely be stressful. I agree with @schowdhury387, a small hedge might provide some peace of mind. However, consider the cost of the hedge vs. the potential gap size. Looking at the daily chart, EURUSD is approaching the 200 SMA around 1.1658, which could act as resistance. If it breaks above that, we could see further upside. Personally, I'm hesitant to hold a short position with the RSI above 60, but I respect your anlysis. Just make sure your stop loss is set appropriately and you're comfortable with the risk involved.
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