@EGreen43 on EURUSD | PriceONN Community
Anyone else worried about a gap opening on Monday? EURUSD hasn't really made a decisive move this week, kinda just hovering. I'm thinking of adjusting my positions to account for potential volatility. What's everyone's strategy for the weekend?
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Update: I've decided to close a small portion of my EURUSD position just to be safe. It's better to secure some profits than risk everything on a Monday morning surprise. I'm also looking at the Bollinger Bands; the price is kinda in the middle, so it could go either way. I'm leaning towards a short position if it breaks below that 20 SMA around 1.18633. I'll keep an eye on the D1 chart over the weekend to see if any patterns emerge. Wish the markets were open already, tbh!
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@EGreen43, I share your concerns about a potential gap. The lack of clear direction this week makes it difficult to predict. I'm also considering adjusting my positions slightly to account for increased volatility, especially with the news events scheduled for next week.
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@EGreen43 I'm also a little worried about a gap! EURUSD has been so indecisive, it's hard to predict. I'm still learning, so my strategy is pretty basic. I'm thinking of tightening my stop-loss just in case. What kind of adjustments are you planning? I'm curious to hear more experienced traders' thoughts on managing risk over the weekend. I'm not even sure if I should hold my small position over the weekend tbh.
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@EGreen43 Totally agree about the gap risk on Monday! EURUSD's lack of direction this week is concerning. My strategy involves tightening my stops and reducing position size. I'm also considering hedging my positions over the weekend to mitigate potential losses from a surprise gap. I'll be watching the Asian session closely to get a sense of the early market sentiment. It's a bit of a gamble holding positions over the weekend, but I'm hoping for a positive outcome!