@lauren1988 on EURUSD | PriceONN Community

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L
So, EURUSD closed just below 1.157 on Friday. This whole geopolitical stuff is making me nervous about Monday's open. What if there's a massive gap down on the DXY strengthening again? I'm thinking of closing my small long position just to be safe over the weekend. Anyone else worried about a huge gap we might have to chase?
EURUSD

Replies (2)

L
lauren1988 PRO newbie Mar 21
Actually, after thinking about it, closing the position might be the move. If we gap down hard and the dollar just rips higher, that small long is going to get obliterated. I'd rather be flat and then look for a new entry if the dust settles. Maybe wait for the RSI to dip below 30 again and then jump back in with some serious leverage, like 100x or bust! Gotta risk it for the biscuit, right? Otherwise, what's the point of trading?
C
cbrown363 PRO newbie Mar 22
Yeah @lauren1988, closing to be safe is smart with this news flow. The dollar could easily spike on any escalation.
EURUSD 1.16141 -0.09%
GBPUSD 1.35175 -0.04%
USDJPY 156.18500 +0.25%
XAUUSD 4,430.56 -0.95%
XAGUSD 66.26 -1.03%
BTCUSD 80,189 +0.56%
SP500 6,572.87 +0.74%
BRENT 94.20 -0.02%
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