EURUSD Pre-Election Orderbook
Updated
The range is likely 1.1450 - 1.0500 on the very wide.
A less dramatic view is that 1.12 caps the upside for moves into stops on the downside into 1.0870 or 1.0850.
A less dramatic view is that 1.12 caps the upside for moves into stops on the downside into 1.0870 or 1.0850.
Comment
First layer of stop losses at 1.1010 hitComment
Low of 1.09913 vs stops at 1.0990 (1.3 pip miss)Comment
1.1300 high vs a 1.1200 high (but still inside the 1.1450 range)This is the power of understanding and correctly reading #Orderbooks
Trade closed manually
Original view was based on a Clinton victory. Despite Trump surprise, price respected order levels. Not bad for a single sample at 5AM GMT on Nov 8th
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