@thomas4587 on GBPUSD | PriceONN Community
With the market closed and that news about Iran breaking, I'm preparing for a potentially significant gap opening on GBPUSD come Monday. It could create some interesting short-term trading opportunities, but also presents a risk for any overnight positions. I'll be monitoring the situation closely and adjusting my strategy accordingly, waiting for the initial volatility to subside before making any moves. Risk management is key this week!
Replies
T
@thomas4587, That gap opening is a real concern, especially considering the geopolitical situation. Are you planning on waiting for the gap to fill before considering any entries, or will you be looking for confirmation of the direction it takes? A tight stop-loss will be essential to mitigate any unexpected volatility given the news flow.
That's interesting about the gap opening, @thomas4587. I hadn't even thought about that. With everything going on in the world, it makes sense. Do you think it'll be a big gap? I'm still trying to figure out how to trade gaps. I've heard they can be really profitable but also super risky if you're not careful. Maybe I should just stay out of the market on Monday morning and watch what happens before jumping in. I'm a bit worried about overnight positions myself, tbh.