Trading the flash crash and shifting to shorter duration charts – Forex Live

Friday’s flash crash in Cable was followed by a intense speculation of what must have caused it and amid the melee we were getting updates at regular intervals regarding the low clocked by Cable.

The first reports in Asia suggested the low was somewhere around 1.14, which was then revised to 1.18-1.19. As of now, the exact low is still a matter of confusion. This is a unique problem for traders/investors.

Ryan Littlestone, Director at ForexLive discusses the flash crash, the low in Pound and necessity of studying the shorter duration charts – 30-min, 15-min, 5-min in cases like this.