@lucky_m35 on EURUSD | PriceONN Community

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lucky_m35
lucky_m35 PRO newbie
EURUSD Feb 28
Considering the weekend gap risk on EURUSD. I'm holding a small long position from Friday. The weekly close was decent above the 50 SMA, but I'm prepared to close it quickly if we see a significant gap down on Monday open. Risk management is key, especially with potential news events over the weekend. Will keep a close eye on the charts before market open.
EURUSD

Replies (1)

G
gerhard4292 PRO newbie Feb 28
Hi @lucky_m35, I'm also a bit concerned about the potential gap on EURUSD. Holding a long over the weekend is always a bit nerve-wracking 😬. Your strategy of closing quickly if it gaps down is smart. I'm considering setting a tight stop-loss just in case. The 50 SMA hold is encouraging, but we need to be prepared for anything. Are there any specific news events you're particularly worried about? I always find those commodity currencies like ZAR and AUD can move the Euro a lot, but I'll be looking out for any ECB chatter too. Good luck for Monday!
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