With reference to our previous analysis this pair now went us to more top for a better opportunity to sell We were waiting for this retracement since one month. Now the retracement is complete along with touching of our Weekly level. It may have also touched the monthly and daily level but we are always looking for candlestick pattern on H4 chart. Hence a pattern formed here. Reason for trade is that probability is still bearish because our trend line has intersected our monthly and daily levels way early this morning.
You can check our previous USDCHF trade as well posted on 3rd July 2019. Manage your risk with proper money management.