USDTHB BUY Pending RR7 Patiently wait
Dear traders,
I am excited to share with you my latest trade setup for the USDTHB pair. After conducting a thorough analysis of the market, I believe there is a great opportunity to enter a long position for this pair.
Firstly, the USDTHB has been in a strong uptrend for the past few months, with the price consistently making higher highs and higher lows. This indicates a bullish sentiment for the pair.
Secondly, the Thai baht has been weakening against the US dollar due to the country's economic instability caused by the COVID-19 pandemic. The Thai government has announced several stimulus measures, but they have not been enough to stabilize the economy.
Lastly, the US dollar has been gaining strength against most major currencies due to the Federal Reserve's decision to keep interest rates low and provide liquidity to the markets.
Taking all these factors into consideration, I recommend entering a long position for the USDTHB pair at the current market price.
Demand and Supply
There are 2-3 locations for the demand zone. I see a nice one that coincides with Fibonacci. It's better to wait for the second one. For the first one, you have to wait for confirmation.
I hope this trade setup proves to be profitable for you. As always, remember to manage your risk and follow your trading plan.
Best regards,
Rome Chocolate Trader
I am excited to share with you my latest trade setup for the USDTHB pair. After conducting a thorough analysis of the market, I believe there is a great opportunity to enter a long position for this pair.
Firstly, the USDTHB has been in a strong uptrend for the past few months, with the price consistently making higher highs and higher lows. This indicates a bullish sentiment for the pair.
Secondly, the Thai baht has been weakening against the US dollar due to the country's economic instability caused by the COVID-19 pandemic. The Thai government has announced several stimulus measures, but they have not been enough to stabilize the economy.
Lastly, the US dollar has been gaining strength against most major currencies due to the Federal Reserve's decision to keep interest rates low and provide liquidity to the markets.
Taking all these factors into consideration, I recommend entering a long position for the USDTHB pair at the current market price.
Demand and Supply
There are 2-3 locations for the demand zone. I see a nice one that coincides with Fibonacci. It's better to wait for the second one. For the first one, you have to wait for confirmation.
I hope this trade setup proves to be profitable for you. As always, remember to manage your risk and follow your trading plan.
Best regards,
Rome Chocolate Trader
Comment:
Price is now react with second zone
Comment:
I guess it will retest the second zone again
Order cancelled:
it's not hit my order