NZDCHF IN A DOWNTREND

This pair has been moving to the downside for quite some time, with lower highs and lower lows forming along the trend.
Now, price just pulled back to the previous h1 low and is reacting to it.
At this point, it is better to take a loss selling than to think of buys in the situation.
We have positioned ourselves short, with targets at a new low in this trend.