USDPHP - 31Jan2022
On the weekly, price follow through to the downside after previous week topping tail candle. Even though USDPHP is bullish in the weekly timeframe, we could potentially expect it to pullback retest breakout level at 50.71.
On the H4, price broke below the descending trendline. As daily timeframe is currently at support, price could potentially have a short-term bounce to 1st Resistance at 51.22 before dropping lower to 50.71.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, price follow through to the downside after previous week topping tail candle. Even though USDPHP is bullish in the weekly timeframe, we could potentially expect it to pullback retest breakout level at 50.71.
On the H4, price broke below the descending trendline. As daily timeframe is currently at support, price could potentially have a short-term bounce to 1st Resistance at 51.22 before dropping lower to 50.71.
This is for personal record purposes only, not financial advise or solicitation of trade.