Philippine Peso Remains Weak Against US Dollar. If USD/PHP breaks 48.35, the bulls might push this up to 49 for the completion of a Bearish Bat Harmonic Pattern.
Note
The Philippine Peso remains weak and did not respect the Potential Reversal of of a Bearish Bat (Check Here for the post fibonaccitrader618.blogspot.com/2016/09/usdphp-potential-bearish-bat-september.html). We might see the USD/PHP at 56 level to complete the Potential Bearish Crab.
fibonaccitrader618.blogspot.com/2016/11/usdphp-potential-bearish-crab-novemver.html
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.