#USDPHP: Trend Neutral, Breakout Expected Soon! #Forex
Traders,
Trend is argumentatively neutral.Weakness candles on a lower low implies the pair could see a reversal here into the lows. Move will be a corrective leg. If price breaks sideways support into the lows, price could drop hard into the lows of the range, creating a nice move.
However, there is also an equal possibility of an upside, as price is in a triangle type structure. A breakout either side is favoured, worth watch listing this one for a trade into the week.
Trend is argumentatively neutral.Weakness candles on a lower low implies the pair could see a reversal here into the lows. Move will be a corrective leg. If price breaks sideways support into the lows, price could drop hard into the lows of the range, creating a nice move.
However, there is also an equal possibility of an upside, as price is in a triangle type structure. A breakout either side is favoured, worth watch listing this one for a trade into the week.
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