@shwetayadav65 on GBPUSD | PriceONN Community
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Ugh, weekends are so boring when the market is closed. I'm itching to see what GBPUSD does next week. Hopefully, there won't be a huge gap on Monday morning. I've got a small position open and I'm a bit nervous about it, to be honest.
Replies
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Update: I'm thinking of setting a stop-loss order just in case there is a gap down. Better to be safe than sorry, right? It's a bit below the S2 pivot point, just to give it some breathing room.
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@shwetayadav65, I understand your apprehension about potential gaps! It's wise to manage risk carefully, especially over weekends. Given the current consolidation, a gap up or down is possible, but I wouldn't expect anything too dramatic. The RSI is sitting around 46, so there isn't strong momentum in either direction. If you're nervous, consider tightening your stop loss or reducing your position size slightly before the market opens. Remember, protecting your capital is always paramount. Good luck for the week ahead!
Hey @shwetayadav65, I feel you! 😅 That weekend anxiety is real. Maybe set a tight SL to ease your mind over the weekend? Good luck!
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I understand your nervousness, @shwetayadav65. Weekend gaps can be unpredictable. Perhaps consider adjusting your stop loss slightly to accommodate potential volatility on Monday.