NZDCHF - buy setup

Hi everyone :) On the monthly chart, it appears that we may experience a minor correction before re-testing the MA 20. Meanwhile, the weekly MA 50 is just 50 pips away and price action is trending above the MA 20. On the daily chart, the price action has surged above all moving averages and a bullish engulfing candle pattern on the 4-hour chart confirms our entry point. The only challenge is breaking through the resistance zone in order to see a further move up. Keep in mind that both currencies are currently being sold off by hedge funds, so this trade may require patience.