Ascending Channel and Motive Wave ExpansionEuro vs Swiss FrancICMARKETS:EURCHFKhoraCapitalThe Euro against the Swiss Franc is presenting a highly defined trend cycle on the 1-hour framework. Price action is respecting a beautifully structured micro ascending channel. Technical View: Looking at the geometry mapped in the chart, the pair successfully carved out a terminal baseline after completing a macro (A)-(B)-(C)-(D)-(E) corrective structure. Directly off the 0.09016 structural support floor, buyers stepped in to spark a fresh 5-wave Elliott Motive Wave sequence. Price has completed Wave (3) at the upper channel boundary, undergone a shallow Wave (4) consolidation, and is now actively expanding upward in the final Wave (5) impulsive leg. The Goal: The core objective of this setup is trading the expansion from support to resistance. I am tracking the development of Wave (5) as it approaches the major macro horizontal resistance ceiling anchored at the 0.92655 handle. Once Wave (5) reaches terminal completion inside this key supply zone, I am standing aside and waiting for a clear distribution and price action reversal signature at the highs to signal a rotation back down. #EURCHF #Forex #ElliottWave #AscendingChannel #MotiveWave #PriceAction #TradingView #TechnicalAnalysis This is for educational and research purposes only and does not constitute investment advice.