USDPHP - 07Mar2022
On the daily, USDPHP has surged above trendline and 1st resistance at 52.06 since it closed above previous horizontal overlap resistance at 51.52.
On the H4, price faced bearish pressure from 1st Resistance at 52.06. With Stochastic at resistance, we could expect price to pullback to 1st Support at 51.72.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, USDPHP has surged above trendline and 1st resistance at 52.06 since it closed above previous horizontal overlap resistance at 51.52.
On the H4, price faced bearish pressure from 1st Resistance at 52.06. With Stochastic at resistance, we could expect price to pullback to 1st Support at 51.72.
This is for personal record purposes only, not financial advise or solicitation of trade.