Elliott Wave - Usd/Chf 4 Hour Triangle Formation

This pair broke the triangle formation just a few hours ago and is continuing higher, approach to red wave V targets. Traders that missed this long opportunity on the breakout should stay away now and wait on the next one; prices can make the pullback very quickly to the upper trend line of the triangle. The current first target on the way up is at 1.0150, it could be wave five equal to the distance of wave one. And the second one could be around 1.1250 if the franc weakness continues. We have some Fibonacci resistances in this area, which should be enough strong to slow down the dollar.

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