@noah7455 on GBPUSD | PriceONN Community
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Weekend thoughts on GBPUSD... Holding my short from earlier in the week. A bit nervous about a potential gap up on Monday, so I've tightened my stop loss just above R1 at 1.3495. Still think it'll test lower next week though! Fingers crossed!
Replies
@noah7455 I saw your comment about holding a short over the weekend. Smart move tightening the stop loss, especially with the Iran situation. A gap up is definitely a risk. Your level at 1.3495 seems reasonable, but I'd also consider the psychological level of 1.3500 as potential resistance. If it breaks above that, your short could be in trouble. I think we could see some initial volatility followed by a retracement. Be ready to adjust your position if needed. Personally, I'm flat right now and waiting for Monday's open to see how the market reacts. Good luck with your trade!