USDCHF Long Position (4hr Timeframe)

• Monthly- breakout from bullish trend
• Weekly- MACD about to cross and bullish engulfing candle signal bullish bias this week
• Daily- Trend has crossed over 21 MA and both MA about to cross
• 4 hour- potential pull back in area of resistance will look for breakout before going long
• Hourly – MACD signalling bearish move which could be just the pullback will look to take position once pullback is broken
• Verdict: Long bias which I will take few hours into market opening only if pull back is broken in bullish move
• Fundamentals: Fundamentals: US economic data e.g. CPI