This month is proving very volatile and the markets have been moving very erratically.
As you can see 2 trades are with large DD at the moment.
1. CHFJPY - difficulties in trade talks has kept this confined in a range, Trump has been less aggressive in his stance against China and that has fueled risk pairs taken them to extremes
This is one that will struggle to break much higher, so patience will be needed with this one.
2 GBPCAD - A difficult play on this one. trapped early on from the first polls made it difficult to gauge any exit level. These will be hedged tonight until tomorrow to keep
on the safe side of any extreme DD. GBP economy is performing poorly and a GDP print of 0% didn't even move the pound. Near recession, even with the Conservatives winning
most of it is priced in and there will still be years of negotiations to come putting huge uncertainty into a protectionist UK if Brexit goes ahead.
I'll keep you more informed once we see the outcomes of Risk with China and the UK elections.