Going off a tip from someone in-the-know who tells me the trailing stops in these pairs are very large and not far away. Of course these stops may never get triggered and the up-trend may continue on its merry way, so therefore I’m only running very small positions.
In USD terms, some of the bigger hedge funds are running positions of around $15 billion so if this trend turns, watch out!
Edit: Doing the right thing and taking my lovely wife out for Valentine’s Day dinner. Hopefully she doesn’t catch me checking the rates!