EUR.CHF - 1.200 Key Structure Breakout

Currency Pair: EUR.CHF
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long

EUR.CHF updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.

Komen:

Although the candle spiked above the descending 4hr trendline, it's not a valid breakout.
More confirmation required prior to a trade opportunity.

Komen:

A breakout to the downside has occurred, this for me invalidates the trade opportunity.
No Trade.