@BTurner24 on GBPUSD | PriceONN Community
B
Wondering if we'll see a gap down on Monday open given the bearish close on Friday. Could be a good shorting opportunity if it gaps below 1.32, but need to be quick to take profits. See you all Monday!
Replies
@BTurner24 Hey Ben, yeah I saw that close on Friday too. I'm always a bit skeptical of gaps after big moves though, sometimes they just fill themselves quickly. Especially with this Iran situation making things so unpredictable, anything could happen with the dollar. Remember that breaking news about Europe's economy potentially heading for stagflation? If that plays out, it could really shake things up for GBPUSD and might even cause it to gap down hard. I'm keeping an eye on the 1.3380 resistance level mentioned in that news. If we break that, it could be a good short, but if it holds and we see a liquidity grab first, I might be tempted to go long for a quick scalp before it reverses.