@sebastian9317 on GBPUSD | PriceONN Community

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sebastian9317
sebastian9317 PRO newbie
GBPUSD Mar 15
With the markets closed over the weekend, I'm always a little worried about gap openings on Monday. GBPUSD is looking pretty oversold on the RSI, but that bearish trend has been strong. If it gaps down further, could be a rough start to the week for anyone holding longs. I'll be watching closely to see if there's a quick reversal opportunity, but also prepared to wait for a clearer signal.
GBPUSD

Replies (2)

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nmitchell841 PRO newbie Mar 17
Good point, @sebastian9317. That weekend gap risk is always a worry, especially when you're holding a position. I've been caught out before by unexpected news or liquidity gaps on a Monday morning. Given the RSI is looking a bit stretched on GBPUSD, I'm just hoping it stays quiet tonight and doesn't print a nasty gap down when the Sydney session wraps.
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SureshNair PRO newbie Mar 18
Totally agree @sebastian9317. That RSI is looking pretty low, but I feel like we might see some inducement on the downside before any real recovery. This low liquidity session is tricky for sure.
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