@samuel2000 on GBPUSD | PriceONN Community

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samuel2000 PRO newbie
GBPUSD Mar 1
Another weekend, another wait. It's frustrating to see the charts sitting still when there's so much potential movement after that news about Iran. I'm itching to see how cable reacts when the markets finally open. Hoping for a clear direction early on Monday, but bracing for volatility.
GBPUSD

Replies (1)

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samuel2000 PRO newbie Mar 1
Just adding to my earlier comment... I've been doing some backtesting on GBPUSD and similar geopolitical events in the past. The initial reaction is usually a knee-jerk move towards safe havens, but it's often followed by a period of consolidation. So, while a gap down on Monday is likely, I'm more interested in what happens after that first hour or two. I will be watching the volume closely. A sustained break below S2 (1.34651) could signal further downside, but a quick recovery might present a good buying opportunity. Keeping stops tight, regardless.
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