The trendline has breakout and a reversal has occurred, but a correction is needed first to continue the increase to a higher price
It can be seen that the price has penetrated the downtrend trendline, wait for the price to retest and continue its increase. Wait for confirmation such as a double bottom and so on to enter buy
wait for the retest and there is rejection to entry buy
USD/CHF looking for flag pattern we can see a movement that is strong enough to penetrate the downtrend trendline and also penetrate the previous lower high. The price then corrects and forms a flag pattern which is usually a confirmation to continue its increase
there was a fakeout on the daily timeframe and now it is at its strongest resistance again, if rejection occurs there is likely to be a significant decline and has the potential to return to support