The foreign exchange market operates around the clock, so it is impossible for a trader to track every market and seize every opportunity. In forex trading, time is everything. In order to design an efficient and timely investment strategy, it is necessary to record the market for 24 consecutive hours of trading, so that traders in their own trading hours, to...
The double bottom is not confirmed yet: the day has to close above the horizontal line. But if it closes: consider going long.
Gartley formed, fairly clean, RR is just over 1.
thb seems to be weakening against the usd. i am looking at price to go up further towards then next zone at 35.4
not sure what to expect ... the initial move after the announcement with -0.17% is kind of weak
Long usd/thb..............stop at 35.15............
The chart is self explanatory and given the current situation locally I think this has a potential for 35.80 and even 36.42 ( both previous tops ) Entry was at 35.00 when it broke the previous high , for half the position and will add same again through 35.20 with a stop below 34.90 If the usd/thb does materially rise then being some 7% of the sgd neer ,I think...
USDTHB hit support. if the support works, USDTHB may rebound to 35/35.28, if breaks, heading towards 33.5
Baht continues to strengthen compared to USD; Short USD and Long Baht