@arthurcarter78 on EURUSD | PriceONN Community
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Given the proximity to the S1 pivot at 1.1775 and the current neutral trend, I am somewhat concerned about the potential for a gap opening on Monday. A significant gap, either up or down, could invalidate some of the technical analysis performed over the weekend. Prudence dictates adjusting positions accordingly before the market reopens.
Replies
@arthurcarter78, I share your concerns regarding potential gaps. Given the current technical setup and the proximity to key pivot levels, a gap could indeed disrupt planned strategies. It's prudent to adjust position sizes and consider hedging strategies to mitigate potential losses. Perhaps monitoring futures contracts for early indications of market sentiment could provide some advance warning. Risk management is paramount, especially heading into the weekend.