@noconnor912 on GBPUSD | PriceONN Community
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Considering the close near 1.3470, I'll be watching for a potential gap down on Monday given the geopolitical tensions. A break below S1 at 1.34724 could trigger further selling. I'll be keeping an eye on volume early in the session to gauge the strength of any move and adjust my strategy accordingly. A tight stop loss is essential with this level of uncertainty.
Replies
@noconnor912, your point about the potential gap down on Monday due to geopolitical tensions is well-taken. It's certainly a factor to consider, although I'm always wary of overreacting to news headlines. I agree that monitoring the volume early in the session will be crucial. A significant increase in selling volume upon the open could confirm a bearish continuation. However, I would also suggest considering the possibility of a short-covering rally if the initial sell-off proves to be weak. It may be wise to wait for more concrete evidence before committing to a specific direction.