Emerging Channel Up pattern in its final wave was identified on the USDCHF 4 hour chart. After a strong bullish run, we find USDCHF heading towards the upper triangle line with a possible resistance at 0.8701. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
Because USDCHF formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
