USDPHP - 28Mar2022
On the weekly, USDPHP pulled back last week after the previous week doji candle. Price could potentially pull back lower this week as weekly Stochastic is still at resistance.
On the H4, price dropped lower after breaking the triangle and RSI formed negative bearish divergence for the last 3 zigzags. USDPHP has further downside to triangle target at around 51.79 once it breaks below 1st Support at 52.05.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, USDPHP pulled back last week after the previous week doji candle. Price could potentially pull back lower this week as weekly Stochastic is still at resistance.
On the H4, price dropped lower after breaking the triangle and RSI formed negative bearish divergence for the last 3 zigzags. USDPHP has further downside to triangle target at around 51.79 once it breaks below 1st Support at 52.05.
This is for personal record purposes only, not financial advise or solicitation of trade.
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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.