@sophie7891 on GBPUSD | PriceONN Community

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S
sophie7891 PRO newbie
GBPUSD Feb 21
Considering holding my short GBPUSD position over the weekend. The RSI is hovering around 56, which doesn't give a clear signal. I'm slightly concerned about a potential gap up on Monday open, given the mixed signals. Perhaps reducing my position size would be prudent to mitigate risk. Thoughts?
GBPUSD

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sophie7891 PRO newbie Feb 21
Update: After further analysis, I've decided to close half of my short position. The potential for a gap up is too high for my risk tolerance. Even though the 200 SMA is above the current price, the recent price action has been somewhat bullish. I'll monitor the market open on Monday and reassess my strategy based on the initial price movement. Perhaps a small long position if it breaks above 1.3495? Need to be careful though, still a lot of uncertainty.
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