On the M5 timeframe, there is a bullish engulfing signal and the price is below the lower defining level at 1.3325, indicating a reversal of the bullish signal. At the same time, on the M1 timeframe, a bearish engulfing signal occurred with defining levels at 1.3329 and 1.3331. In most cases, in such a situation, signals on lower timeframes, especially M1, tend to be more reliable. This fact suggests that most likely this situation on the H4 timeframe will lead to the execution of the second part of the divergence PB trading system - the Last downward surge to the NPВ. My opinion: I assume that the second part of the divergence PB trading system - the Last downward surge will be executed, but it will end with a reversal signal on the minute timeframe, followed by working out the signal for an upward pullback on the H4.
