U.S. Dollar / Swiss Franc (USDCHF) — H4
Formation of a Potential Wave 3 + Trendline Break (Bullish Continuation)
🔎 Market Structure (H4)
On the H4 timeframe, USDCHF has formed the technical conditions for the development of a potential Wave 3 to the upside, confirmed by:
a breakout above the corrective trendline (structure shift)
completion of the pullback phase (Wave 2) after the initial impulse
rebound from the local support zone with early acceleration signals
recovery of bullish structure following the corrective decline
This setup fits a classic Elliott Wave continuation model, where Wave 3 starts after Wave 2 completes and price exits the corrective structure.
📐 Elliott Wave Context
Wave 1: initial impulsive move up (trend initiation)
Wave 2: corrective retracement / consolidation into support
Wave 3: expected impulsive expansion higher (current scenario)
📌 Key principle:
The bullish scenario remains valid as long as price holds above the low of Wave 1.
📍 Entry
Entry: 0.77917
The entry is positioned:
above the broken trendline (breakout confirmation zone)
inside the impulse activation area after correction completion
aligned with continuation momentum rather than chasing extension
🎯 Target Levels (Wave 3 Projections)
Targets are derived from projected impulse expansion zones and key reaction levels:
TP1: 0.78506
TP2: 0.79046
TP3: 0.79603
TP4: 0.80082
Each target represents a potential reaction zone and a logical level for partial profit-taking during Wave 3 development.
🛑 Invalidation / Stop Loss
Stop Loss: 0.77473
📍 The stop is placed below the low of Wave 1, which:
invalidates the Wave 3 bullish scenario if breached
signals a deeper correction / structure failure
protects against a false breakout and reversal
🧠 Risk & Trade Management
Trend-following setup
Wave 3 can accelerate quickly once momentum expands.
Recommended approach:
partial profits at TP1 / TP2
move stop to breakeven after clean impulsive continuation is confirmed
avoid increasing risk during choppy pullbacks
scaling is preferable only on pullbacks that hold above the broken trendline as support
📌 Summary
USDCHF on H4 shows a corrective trendline breakout and structural conditions for a potential Wave 3 continuation to the upside.
The bullish scenario remains valid above 0.77473, with upside targets at 0.78506 → 0.79046 → 0.79603 → 0.80082.
Formation of a Potential Wave 3 + Trendline Break (Bullish Continuation)
🔎 Market Structure (H4)
On the H4 timeframe, USDCHF has formed the technical conditions for the development of a potential Wave 3 to the upside, confirmed by:
a breakout above the corrective trendline (structure shift)
completion of the pullback phase (Wave 2) after the initial impulse
rebound from the local support zone with early acceleration signals
recovery of bullish structure following the corrective decline
This setup fits a classic Elliott Wave continuation model, where Wave 3 starts after Wave 2 completes and price exits the corrective structure.
📐 Elliott Wave Context
Wave 1: initial impulsive move up (trend initiation)
Wave 2: corrective retracement / consolidation into support
Wave 3: expected impulsive expansion higher (current scenario)
📌 Key principle:
The bullish scenario remains valid as long as price holds above the low of Wave 1.
📍 Entry
Entry: 0.77917
The entry is positioned:
above the broken trendline (breakout confirmation zone)
inside the impulse activation area after correction completion
aligned with continuation momentum rather than chasing extension
🎯 Target Levels (Wave 3 Projections)
Targets are derived from projected impulse expansion zones and key reaction levels:
TP1: 0.78506
TP2: 0.79046
TP3: 0.79603
TP4: 0.80082
Each target represents a potential reaction zone and a logical level for partial profit-taking during Wave 3 development.
🛑 Invalidation / Stop Loss
Stop Loss: 0.77473
📍 The stop is placed below the low of Wave 1, which:
invalidates the Wave 3 bullish scenario if breached
signals a deeper correction / structure failure
protects against a false breakout and reversal
🧠 Risk & Trade Management
Trend-following setup
Wave 3 can accelerate quickly once momentum expands.
Recommended approach:
partial profits at TP1 / TP2
move stop to breakeven after clean impulsive continuation is confirmed
avoid increasing risk during choppy pullbacks
scaling is preferable only on pullbacks that hold above the broken trendline as support
📌 Summary
USDCHF on H4 shows a corrective trendline breakout and structural conditions for a potential Wave 3 continuation to the upside.
The bullish scenario remains valid above 0.77473, with upside targets at 0.78506 → 0.79046 → 0.79603 → 0.80082.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน