On the chart, the weekly candle offered a pivot reversal on the week of 22/01.
This required confirmation.
reverting to the daily chart, entry was offered on 27/01, it has from that entry broken the downward resistance trend line and has since retested the region for support.
It appears to have broken resistance around the 1.60 mark where plenty of selling was occurring, Fridays high of 1.65 was bullish imho with a close of 1.63. - buyers have won the battle at that level imho
Interesting to see if it now follows through with some further buying and push above Fridays close
PPH Price at posting:
$1.63 Sentiment: None Disclosure: Held
