sufiansaid

reading the right side of the chart : GBPCHF 25 Sept

OANDA:GBPCHF   British Pound / Swiss Franc
Yesterday's trading range was 70-72 pips whilst the 20-day ADR was 102 pips. In a day when there was a risk event (political) and there was a stop hunt spike during the London session, it is indeed a bizarre day.

After a "missed" day, I always anticipate a price expansion within 36 hours. I am still bullish on Sterling hence I am still waiting and looking for a low of the week anchor which I hope would form around these price levels 1.22700-1.22850.

There is an ongoing risk for this plan which is Brexit Brexit Brexit. There is no risk event for Switzerland today.
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