USDCHF Breakout Strategy Analysis for Long and Short positions

on the weekly, candles show tightening consolidation pattern with white dotted lines representing recent highs and lows within the contracting pennant pattern. White dotted lines also represent support and resistance levels that are used as levels to indicate long/short opportunity if price action confidently breaks above or below that line. Green arrow = Long position / red arrow = short position. Green and red shaded regions represent an approximate sell area to dollar cost average out (based on 1.618 fib both long and short). Oversold RSI also may be an indicator to take profits. Red rsi zone is common area of rsi congestion and support based on last 24 months. Note that macd may develop bear cross along with small divergence of macd = potential volatility soon = breakout. Stop loss should be around 0.10 - 0.20% from first white dotted line breakout or trailing SL based on chandelier stop (10,5,3) indicator on daily candles. May possibly keep update with this over time...