USDCHF, Massive BROADENING-WEDGE, Determinations Ahead!

Hello,

Welcome to this analysis about USDCHF and the 4-hour timeframe perspectives. When looking at my chart we can watch there how USDCHF in recent times has formed this massive broadening wedge formation, in this broadening wedge formation USDCHF already completed the coherent wave count reaching from A to E, and with the completion of this wave count with the wave E USDCHF has shown up with this massive bounce off the lower boundary of the broadening wedge formation till the breakout above the upper boundary emerged. Now as USDCHF has shown up with this breakout this completed the whole broadening wedge formation and USDCHF from there on activated upside targets in the structure. In the next times there is an increased possibility given for USDCHF to bounce off the upper boundary as it is seen in my chart, in this zone USDCHF has also coherent supports determined by the 65-EMA in red and the 35-EMA in green, taking these factors into the consideration with USDCHF bouncing in these levels there is an increased likelihood given for USDCHF reaching out further targets in the structure especially as the high bullishness already settled there is good potential given for this determination, it will be an interesting development ahead.

In this manner, thank you for watching the analysis, all the best!
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Information provided is only educational and should not be used to take action in the markets.

Comment:

ANALYSIS UPDATE: USDCHF continued with the validation breakout to build up above the upper boundaries and form a substantial breakout setup.

USDCHF since it completed the whole major broadening wedge accelerated with the dynamics to reach all of the projected target-zones.