As I mentioned yesterday, I left a ‘floater’ at 1.2485 and it got filled overnight, taking 80% of profit on a 400 pip move. Very nice way to finish the week after a few lean months.
There is talk of ‘massive’ optionality at 1.2500 which will certainly include large barriers so I’m happy to book profits and see what happens. I remain very bearish on the CHF but I have a feeling that the next ‘leg’ might be driven by USD/CHF, so I’m in a buy-dip mode there.