USDPHP - 08Mar2022
On the daily, USDPHP surged and closed above the channel. With Stochastic at resistance, we could expect to have a short-term pullback.
On the H4, price is facing bearish pressure at the 1st Resistance of 52.35. With Stochastic also at resistance, we could expect the price to have a short-term pull back to 1st Support at 51.93.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, USDPHP surged and closed above the channel. With Stochastic at resistance, we could expect to have a short-term pullback.
On the H4, price is facing bearish pressure at the 1st Resistance of 52.35. With Stochastic also at resistance, we could expect the price to have a short-term pull back to 1st Support at 51.93.
This is for personal record purposes only, not financial advise or solicitation of trade.