GBP/CHF could be in the third wave of an impulse wave, it also could be wave C of a correction wave which still can make for a lot of pips. It saw resistance on 7/13 from an extended support trendline that was hit on 11/16/16, 1/17/17, and 3/14/17 and has been downtrending since.It has a support level to break around 1.2260 which was right near the previous two lows. Im waiting for ADX to start uptrending before entering short.