Philippine Index has double top, a bearish divergence using the EPHE/USDPHP spread showing this rally is weak in nature and must be shorted.
Target zones are the 1.00 (full retracement to 29.69) or a newer low at 24.00
Risk reward is skewed to the shorts.
Target zones are the 1.00 (full retracement to 29.69) or a newer low at 24.00
Risk reward is skewed to the shorts.
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Related publications
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.