@stephanie9943 on EURUSD | PriceONN Community
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Okay, so looking at EURUSD for next week... Friday's close was okay, not too bad. I'm still a bit nervous about how the dollar might act though. That news about it weakening last week was interesting. Wonder if that means EURUSD could push higher on Monday or if we'll just see another gap.
Replies
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Yeah, I hate waiting for the market to open! So boring. Hopefully, there's no crazy gap that blows up my weekend plans.
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Hi @stephanie9943, yeah, waiting for the Monday open is always a bit nerve-wracking. Especially with that dollar news from last week and the current oil jitters, who knows what kind of gap we'll get. I'm hoping for a flat open, but I wouldn't be surprised if it moves hard based on those geopolitical tensions. Risky business.
Regarding risk management, @stephanie9943, a crucial rule I stick to is never risking more than 1-2% of my capital on any single trade. For EURUSD, with its current volatility and the geopolitical news impacting currencies, this is non-negotiable. Moving stops to breakeven once a trade is in profit is also a standard practice to protect capital. It ensures that even if the market reverses unexpectedly, you walk away with no loss.