The CHFJPY market has been gliding down at a steady pace – producing a nice stable bearish trend. We’ve had a couple of sell opportunities along the way here that have worked out well.
Last session the market moved higher into the mean value – the move was denied and price was pushed down lower to create a small bearish rejection candle.
This is pointing towards further lower prices, but we do have weekly support below to keep in mind. Still some room there to make decent ROI if price moves lower from this price action signal.