@shall784 on EURUSD | PriceONN Community

Update: Thinking about potential scenarios for Monday's open... If we see a gap down below 1.1770, I might consider adding to my short position, but only if the price action confirms the bearish momentum. On the other hand, a gap up above 1.18 would likely trigger a full exit of my current position, as that would invalidate my initial analysis. Gotta stay flexible and react to what the market gives us. It's all about risk management at the end of the day.

Just to elaborate on my previous comment about the gap risk... It's not just the potential for a price jump that worries me. It's the slippage that can occur when the market opens. Even if you have a stop loss in place, it might not get triggered at the exact price you set. This is especially true in volatile market conditions or if the gap is substantial. I'm thinking about adjusting my position size slightly to account for this increased risk, maybe reducing it by 10-15% just to be safe. Better to be cautious than sorry, especially with EURUSD's tendency for surprises. Anyone have experience with gap openings affecting their SL?