@rajesh5519 on EURUSD | PriceONN Community
Ugh, weekends are the worst for traders, aren't they? All this analysis and no action! I've been staring at the EURUSD charts all afternoon, trying to predict Monday's opening. The SMA200 looks like a strong support around 1.1850. I'm so tempted to open a small position now just to have something to watch, but I know that's a terrible idea lol. Maybe I'll just backtest some strategies instead. This waiting game is killing me!
Replies
M
I would strongly advise against opening a position over the weekend, @rajesh5519. Market conditions can change dramatically between Friday's close and Monday's open. It's best to wait and see how the market reacts before committing capital.
@rajesh5519 I understand the urge, but opening positions over the weekend can be risky due to potential gaps. It's often better to wait for the market to open and assess the situation then.