USDCHF, Ascending-Channel-Development, Local-Triangle-Breakout!

Hello,

Welcome to this analysis about USDCHF and the 4-hour timeframe perspectives. As I discovered USDCHF in recent times is forming some interesting developments that can be the origin of upcoming volatilities to consider. As when looking at my chart now we can watch there how USDCHF has developed this major ascending-channel-formation marked with the boundaries in black, within this channel-formation USDCHF has the coherent wave-count with the waves A and B almost already completed, with the emerging of wave C USDCHF has built this local triangle-formation marked in orange. As USDCHF recently formed the breakout above the upper-boundary of this formation this gave the incentive for further continuations to the upside and the main wave-C-development to approach the upper dynamic target-zone marked in blue in my chart, once this zone has been reached the situation needs to be elevated anew and USDCHF needs to show if it manages to continue bullishly in these areas or firstly forms a reversal which will not be unlikely, it will be an interesting development ahead.

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Comment:

ANALYSIS UPDATE: USDCHF continued with the major triangle-breakout to accelerate the bullish volume and momentum.

USDCHF since finalizing the whole triangle breakout continued with the major volatility spikes into the final upper channel target zones.