USDCHF, Structural Triangle-Formation, Upcoming Perspectives!

Hello,

Welcome to this analysis about USDCHF, we are looking at the 12-hour timeframe perspectives. As I discovered recently in my analysis USDCHF is establishing an important structure that is likely to be a decisive driving factor in upcoming determinations especially when considering an increasing volatility dynamic. Therefore, 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 dashed grey trendlines. Within this formation, USDCHF has the main triangle-formation which is building the wave B in the whole structure and within this triangle-formation USDCHF has the coherent wave-count from A to C almost already completed, this means that there is an increased likelihood given that USDCHF increases bearish pressure in the upcoming times, when this happens and USDCHF finally breaks out below the lower boundary of the formation this will be the origin for further continuations to the downside and USDCHF will activate the lower dynamic target-zone marked in my chart in blue where the wave-count will be finalized once USDCHF reaches out there. When this happens the whole dynamic needs to be elevated anew and USDCHF needs to show if it manages to stabilize in this structure or just sets up for a further bearish continuation to the downside and potential wave-extension, it will be an important journey ahead.

In this manner, thank you for watching my analysis about USDCHF and the main triangle-formation-structure with the descending-channel-formation and its determining wave-count, support the analysis with a like and follow or comment for more market insight!
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Information provided is only educational and should not be used to take action in the market.