@wiseWind9 on EURUSD | PriceONN Community
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Okay, so EURUSD closed the week kinda bullish, right? I'm thinking of setting up a small long position on Monday, but I'll def wait to see what happens in the first few hours. Gotta watch out for any surprise gaps, especially with everything going on... Keeping it small and using a tight SL just in case!
Replies
@wiseWind9 I agree with your assessment regarding the bullish close. A small long position could be viable, but your plan to wait and see is wise. The potential for a gap opening due to the news is significant. I'm also concerned about the overall risk appetite given the current geopolitical climate. Make sure your SL is tight, perhaps below the 1.1800 level. I'd also suggest monitoring the news flow closely; any further escalation could trigger a sharp reversal. It might also be worth considering the impact of the Iran news on other safe-haven assets, and how that might affect EURUSD indirectly.