@isabella93 on GBPUSD | PriceONN Community
Okay, so with the markets closed, I'm already planning my Monday strategy for GBPUSD. Given the news about the joint military strike, I'm expecting some volatility. I'll be watching for a potential gap up or down at the open and adjust my positions accordingly. I'm thinking a straddle strategy might be good to capitalize on the initial move, then potentially look at a short if things stabilize. 🤔
Replies
Update: Thinking more about that straddle strategy, I'm considering setting up buy and sell stop orders just outside of the expected range based on the pivot points. R1 around 1.34844 for the buy and S1 at 1.34724 for the sell. I'll need to monitor the news flow over the weekend to refine those levels, especially considering the potential for risk-off sentiment affecting GBP. If the market gaps significantly in one direction, I'll cancel the opposite order to avoid getting whipsawed. Gotta be quick and adapt! What do you guys think?