Live Trading GBPJPY Potential Trend Change
We have observed a significant development on the daily chart known as a Structural Failure, indicating a potential shift in the trend. The price experienced a notable pullback beginning on Friday, and today, analyzing the daily candles using the 4Bar rule, we have noticed a stronger downward conviction on the 5-minute chart.
If the price remains below the 1DH (1-day high) throughout the day, there is a high likelihood that the downward slide will persist.
We hope you find this information insightful and enjoyable!
If the price remains below the 1DH (1-day high) throughout the day, there is a high likelihood that the downward slide will persist.
We hope you find this information insightful and enjoyable!
