GBPJPY has retested the resistance and showing signs of failure to push further and breaking my resistance as it has formed a bearish engulfing which is indicting that market will go back down in the long run.
Note
HOUR 5 is also showing multiple wick rejections on the resistance which is also a strong confluence indicating that market is reversing
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.