If you ever want to see how volatile some currencies can be ....see how frequently they get to alpha positions on the 20ma FXCorrelator (or a setting of your choice)....
alpha meaning the highest or lowest line on the charts
the lower the setting the faster the indexes will change positions ....
but today the RED Gbp on a standard 20ma FXCorrelator excelled itself !!!
jees 6 switches inside 12 hours on a 5min TF chart .....see below
THAT IS CRAZY VOLATILITY
.......and why i trade GBP so much in pairs !!....i need the volatility to scalp !
have a good evening