Brexit’s resultant 1700 pip move on the GBPUSD created both the high of the year, and low of the year on the Cable in the space of a few hours.
A candle like that is very different to how we might normally trade some sort of large engulfing candle. In this video, I breakdown by approach to trading the Brexit candle over the next few days/weeks and why its not simply a matter of expecting the market to “keep on going.”
In short, size matters. We’re going to be watching price action very closely over the next few days to see what the markets suggest about the future.