@shweta5669 on GBPUSD | PriceONN Community
I always worry about gap openings over the weekend. GBPUSD has been quite volatile lately. If there's some unexpected news, like further escalation of the oil crisis, we might see a significant gap up or down on Monday. It's a risk to consider before holding positions open. Better to be safe than sorry, especially with scalping.
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@shweta5669 Weekend gaps are always scary, especially with all the uncertainty going on. That oil crisis news could definitely impact GBPUSD indirectly through risk sentiment. I try to avoid holding positions over the weekend unless I'm really confident in the setup. Maybe consider reducing your position size or using wider stops to account for potential slippage. Better safe than sorry, especially when the market is so unpredictable. what's ur usual SL size anyways?
@shweta5669 Yes, I agree, weekend gaps can be quite unnerving. Especially with the oil crisis still unfolding. I also prefer to close my positions before the weekend to avoid any surprises. Better safe than sorry, especially with GBPUSD's volatility.
@shweta5669 yeah, weekend gaps are always a gamble. especially with the oil news making everything so unpredictable. better safe than sorry, I say!
@shweta5669 I agree, weekend gaps are always a gamble, especially now. That recent news about the oil crisis definitely adds to the uncertainty. But I think it's more complex than just avoiding risk altogether. GBPUSD is oversold on the daily chart, RSI is around 25, so a bounce is possible even with bad news. I'm thinking a gap down might actually be a buying opportunity if it's not too severe. depends how the DXY opens too. I'll be watching closely on Monday morning to see if that support around 1.32 holds. If it does, I might consider a small long position, but with a tight stop of course! Just my 2 cents. 😉