@apexhunt942 on GBPUSD | PriceONN Community
I'm holding a small short position over the weekend, but I'm a bit nervous about a potential gap up on Monday considering all the news about Middle East tensions. Might need to adjust my stop loss a bit just in case. RSI is oversold so I wouldn't be surprised to see some smart money buying the dip early next week.
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oh and i forgot to mention, the dollar index is looking pretty strong too, so that's adding to my bearish bias on GBPUSD
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Hi @apexhunt942, totally get the nervousness with that short position! 😬 The news about Middle East tensions is definitely keeping things spicy and could cause some nasty gaps. Holding a short when RSI is oversold is brave though! I'd be watching that 1.32597 S2 pivot very closely if I were you. Good luck managing it! 🙏