@ediNoah89 on DXY | PriceONN Community
Holding a small short position over the weekend. Not entirely comfortable with it given the indecisive close on Friday. I've tightened my stop loss just in case we see an unexpected gap up on Monday. Will reassess the situation pre-market and potentially close the position if the risk seems too high. Risk management is paramount.
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Update: Regarding my earlier post about holding a short position over the weekend, I'm also considering the potential impact of upcoming economic data releases next week. If the data indicates stronger-than-expected economic growth in the US, it could provide a boost to the dollar and invalidate my short position. Therefore, I'll be closely monitoring the economic calendar and adjusting my strategy accordingly. It's crucial to remain flexible and adapt to changing market conditions. A break above the 96.70 level would likely signal a change in my bias. Just thinking out loud here...
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@ediNoah89 Good shout on tightening your stop loss! A gap up on Monday could really sting. I'm still learning about risk management, but that sounds like a smart move.