the bearish trend seems to occur in the chfjpy pair and it corresponds to the green color indicated by the Bollinger Bands indicator which determines the direction of the main market. The sell signal is shown from the Simple Moving Average indicator and that is by giving us a buy signal.
The pair can continue the bearish trend, now the price is currently at 112.53 and strong resistance at 112.73 levels in the hourly time frame. there is a possibility that the price will move upwards. then the next low price is 112.03.
I suggest to enter SELL with stop losses at 112.88 and take profit at 112.03
I hope you can get a consistent profit from my signal, good luck


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