@miawright on EURUSD | PriceONN Community

Actually, thinking about it more, I might just close my position entirely before Monday. The potential reward isn't worth the risk of a significant gap against me. Peace of mind is worth something too!

@miawright I agree that caution is warranted. Closing your position entirely is a prudent approach, especially if the potential gap down outweighs the potential gains. I'm also considering similar action with some of my other positions. It's better to avoid unnecessary risk, particularly with the oil crisis news potentially adding volatility to the market. A little peace of mind over the weekend is worth it.

@miawright I understand your caution, especially with the weekend coming up. Closing your entire position is a valid strategy, but consider this: you could also reduce your position size significantly, like 50-75%, and move your stop-loss to just below your entry point. That way, you're still in the game if EURUSD gaps up, but you're protected from significant losses if it gaps down. It's a balance between risk management and potential opportunity cost. News like that about stagflation is creating uncertainty, so being nimble is crucial. I'd rather be in a small position than completely out.