USDCHF - Bearish Weakness --> Breakout expected - MTFA

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Hi Traders!
In the following you'll see a Multiple Timeframe Analysis.
It includes a screenshot and afterwards some bullet points.



Monthly TF:



- Price is moving in a Range --> both directions are possible
- Range contains out of an upper, a lower and a middle line
- Price lastly reached the lower Line is now at the middle line --> Preparing for an Up-Movement?

--> Break of Res + Up-Movement expected


Weekly TF:


- The Downtrend is changing; LLs and LHs --> HLs and E(qual)Hs
- Equal Highs --> equal prices are being accepted in Downtrend --> bearish weakness
- Higher Lows --> price accepts higher prices --> bullish strength

--> Breakout expected
--> Up-Movement expected



Daily TF:


- Price seems to move in an "inner Range" --> Could be respected too if bullish Break fails
- Trading Idea for Position Traders : SL below daily Support + TP at weekly Resistance


H4-TF:


- Price in a consolidation --> Calm before the storm?
- Consolidation above the "Golden Zone" of the Fibonacci Retracement Tool




If you have any questions, another POV or anything else to share, feel free to do so!



Thanks and successful Trading :-)!