NikkiYu
Short

EPHE Short on Recent Counter Trend Rally

AMEX:EPHE   ISHARES MSCI PHILIPPINES ETF
30 0 2
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.
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