FX:GBPCHF   British Pound / Swiss Franc
Marked up a Wyckoff distribution that was created during the 10/08/21-13/08/21. This holds significance due to breaking the recent low structure from 21/07/21 which was a swing low of the bearish orderflow. Market is showing bearish orderflow all the way from the April distribution and hasn't been showing bullishness since. Daily timeframe also showing bearishness therefor my bias will be on shorting. Market has been showing bullish orderflow on the intraday 1hr-4hr time frame, but I think its working its way up to mitigate orders out of this schematic. This LPSY that initially created the price to exit the trading range of the distribution was created during NY session which shows me importance of this area. Found the most volumest up before the down candle on the 22 minute timeframe so I've measured 50-80% of this candle as shown by the blue horizontal rays. This is is where I will be looking to sell and have set alarms for warning. Will want to see a schematic play out otherwise will have limit set and the 80% and SL above the extreme of candle. Risking 8.7 pips to run it down 313 pips to the extreme low of the leg.
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