Orderbook: Open Orders Summary

The Open Orders Summary provides a unique insight into market movements and shows the trigger points for the open orders (including limit orders, and Stop/Loss or Take/Profit orders on trades).

Why use the Open Orders Summary?

• Gauge client price expectations
• See client price expectations that may be contributing to natural resistance and support levels.
• Look for signals of market reversal – if open positions and open orders both indicate overbought or oversold, the market price might be ready to trade in an opposite direction.
• The more orders are clustered at a particular price, the stronger the support and resistance will be around that price.

Click here to view OANDA’s open orders summary.