USDCHF, Descending-Channel, Bearish Continuation Ahead!

Hello,

Welcome to this analysis about USDCHF, we are looking at the hourly timeframe perspectives. USDCHF is in a structure in which it has established some important determinations and as I discovered is likely to emerge with increased volatility within the next times once this determining formation has been completed. As when looking at my chart now we can watch there how USDCHF has formed this main descending-channel-formation with the boundaries marked in blue and the coherent wave-count to the downside established within the formation with the waves A and B already completed. Besides that USDCHF is forming this main resistance-triangle in the formation marked in red where several resistances coming together likely to be origin of the wave C to the downside which will fully contribute when USDCHF bounces below the ascending-trend-line marked in dashed grey in my chart, on this breakout below the support-reference-structure has happened USDCHF will continue bearishly to the downside and increased volatility will be likely. Once the target-zone of this wave-count has been reached which lies within the lower boundary as shown in my chart USDCHF has the ability to stabilize within there and bounce to the upside from there however this has to be shown. For now, we should keep prepared on the bearish movements, this whole dynamic can be traded either aggressively with immediate entry or conservative with entry after confirmation, although the immediate entry is also possible the conservative will be much better as it will appoint the final continuation-setup, traders need to decide according to own risk-preferences, it will be an interesting journey ahead.

In this manner, thank you for watching my analysis about USDCHF and its main descending-channel-formation-structure with the upcoming bearish downside incoming, support the analysis with a like and follow or comment for more market insight!
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Comment:

ANALYSIS UPDATE: USDCHF completed the major bearish triangle formation with a massive bearish acceleration below the boundary.

USDCHF since it finalized the triangle formation with a huge bearish breakout reached all of the target zones within the schedule.