Week 07 | USDCHF | Short Position | H1 | 29-07-2022

The US Dollar against the Swiss Franc is currently in a bearish mood. The previous bull run was finished and now the current price is below fib 0.786 level. Bearish engulfing candles show that there is still pressure of bears which means we can take short position at this stage. Lower highs are formed which confirms the bearish trend.