@starwave480 on EURUSD | PriceONN Community
Alright, EURUSD closed around 1.157 on Friday. Personally, I'm leaning towards a bullish continuation next week if the DXY keeps weakening. My plan is to look for a long entry on Monday if price holds above that 1.1550 area, targeting at least 1.16. Will be managing risk tightly though.
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Also, if Monday opens with a big gap up, I might just wait for a retest of the gap before entering. Don't want to chase price right at the open and get caught in a whipsaw. Patience is key, especially after a weekend of not knowing what's happening.
Hey @starwave480, good luck with your plan for next week. I see you're looking for longs around 1.1550. For me, this whole oil situation and the USD strength worries me about that gap open. Remember that time EURUSD gapped down like crazy? I don't want to get caught holding a bag if smart money is pushing the dollar up. I'm always a bit scared of the Monday open, especially with this kind of news. Maybe it's better to wait and see how the first hour plays out before jumping in? What do you think about the risk of a big gap down?