@evelyn3589 on USDJPY | PriceONN Community
With the market closed over the weekend, I'm always a little nervous about gap openings on Monday. USDJPY has been so bullish lately, and with all the geopolitical stuff happening, I'm wondering if we'll see a big gap up or down. I'm considering tightening my stops or even closing out my position entirely just to be safe. Anyone else worried about this?
Replies
Okay, I've convinced myself, lol. I'm going to leave my position open but set a tighter stop-loss just in case. If it gaps down, I'll treat it as a dip and buy more. If it gaps up, great! Either way, I'm prepared. I'm also going to set some alerts at key levels, like 159.50 and 160.00, so I can react quickly. It's all about risk management, right? I'm also thinking about the RSI – it's pretty high, so a pullback would actually be healthy for the trend. I need to remember to NOT panic sell if I see red first thing Monday! This weekend chart study is actually paying off... I feel much better prepared now. Time to relax and watch a movie!
Actually, thinking about it more, maybe a gap DOWN would be a buying opportunity? I'm still bullish long term on USDJPY, so a dip might be a good chance to add to my position. I'll have to watch the price action closely on Monday morning.
J
@evelyn3589 I hear you on the Monday gap nerves, mate! Happened to me last week on another pair, cost me a nice chunk. But for USDJPY, I'm actually feeling okay about it. With all the geopolitical uncertainty, the dollar is getting a bit of a bid, which usually helps this pair. I think any gap down might be short-lived, a real chance to jump in. I'm already watching that 159 support level closely. If it holds, I might even add a bit to my own position.
Totally agree @evelyn3589. Monday gaps are the worst. I'm watching USDJPY closely too, might tighten stops just in case. That geopolitical tension could easily cause a spike.
D
@evelyn3589 I get you on the Monday gap fears. It's always a coin toss. I'm seeing USDJPY looking pretty weak right now, so a gap down might be more likely, but who knows with this pair.