One of the craziest nights in years in Forex and a reminder of how dangerous it can be. Take a good look at the CHF-related pairs to see what a gap on news does. Literally over a 1000-pip move. The news created some spikes and generally wider spreads for a bit on the other pairs as well. Both of our calls were in the GBPUSD, which was relatively calm in comparison, but it ended up sweeping us both ways for the first double loss in a while. Given the overall craziness, no problems for us.
Here’s a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered short at A and stopped. Triggered long at B and stopped:
