USDPHP - 05Jan2022
On the daily, price came into double top resistance and formed a topping tail. We could expect the price to face short-term resistance at this level.
On the H4, price faced bearish pressure at 51.40 which is also the daily double top. We could expect the price to bounce back and retest this level before coming down further to 1st Support at 50.86.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price came into double top resistance and formed a topping tail. We could expect the price to face short-term resistance at this level.
On the H4, price faced bearish pressure at 51.40 which is also the daily double top. We could expect the price to bounce back and retest this level before coming down further to 1st Support at 50.86.
This is for personal record purposes only, not financial advise or solicitation of trade.