I always compare the daily to the four hourly chart before making a trade. You can see here below the daily chart on the top does not really give us a clear indication of what is going on with this USD/CHF pair. I then look at the four hourly chart at the bottom and it all becomes much more clear. The optimal long entry was around the 01/01/2014 because both the daily and four hourly chart were in agreement. You could still be quite comfortable in entering a long buy trade now on this pair because both the charts are still in agreement.
Click on chart to enlarge
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