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Mar 21, 2022 1:42 AM

USDPHP - 21Mar2022 Short

U.S. DOLLAR / PHILIPPINE PESOICE

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USDPHP - 21Mar2022

On both weekly/daily, price is at Stochastic resistance. Price closed last week on a doji and could potentially be pulling back this week.

On the H4 & H1, price bounced back and faced bearish pressure at 78.6% Fib resistance at 52.40. The price could be forming a h&s if it gets rejected at this level and break below the ascending trendline support.

This is for personal record purposes only, not financial advise or solicitation of trade.
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