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.
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.