USDPHP - 09Mar2022
On the daily, USDPHP surged and confirmed above the channel. With Stochastic at resistance, we could expect to have a short-term pullback.
On the H4, price pulled back and rebounded back to the 1st Resistance at 52.35 after Stochastic hit its resistance yesterday. Will have to further monitor the price today. If it breaks above 1st Resistance at 52.35, price could likely be setting up for negative bearish divergence.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, USDPHP surged and confirmed above the channel. With Stochastic at resistance, we could expect to have a short-term pullback.
On the H4, price pulled back and rebounded back to the 1st Resistance at 52.35 after Stochastic hit its resistance yesterday. Will have to further monitor the price today. If it breaks above 1st Resistance at 52.35, price could likely be setting up for negative bearish divergence.
This is for personal record purposes only, not financial advise or solicitation of trade.