Try #2/3
Couple of weeks ago entered and was kicked out of my position.
Will enter twice this time total risk will equal to 3% of my position size.
First entry 34.5 and second entry 34.0, both stop loss will be placed 33.5.
Let me know what are your thoughts on this pair.
While the longer term USDTHB trend is bullish the indicators show insights that a short term drop is likely until at least the Cosmic Gravity inner channel.
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Buy at 34.5 TP 36
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Notice that the RSI OVS in TF DAY should be around eighty percent. Bounce, there will be some heavy drops, a small part, which the next bounce should be around 34.5.
With each counted as a loop, it should come down to 38.2 Fibonacci so the next bounce should be a bounce of 36.
Just Don't Against The America!
Shorterm Bounce up but not over Fibo 0.618
Midterm Down to 35-36THB/USD
Longterm Dollar is Number 1 Bullish Dollar on Longterm
Thai vs USA ?
Sure USA win
As you can see on the 30 min chart for USDTHB there is a Reverse Cup and Handle forming. The price should go down to the support level where it was formed (supply zone) and then form the handle. Any news can move the currency in another direction though so this is just a personal analysis but it looks to be correct :)
Hi Everyone!✋🏽
The correction of the clear uptrend is valid at the moment on the daily chart (the one I use to define the trend). Nice hammers printed on the daily, and although market may still test the daily or the weekly S/R zones, there is a chance that it may turn and go in the direction of the trend.
For it to happen, there is an early entry zone, but...
Here is what I see. The ABC corrective pattern to the upside is complete and USDTHB is breaking down. I've outlined two profit taking zones (Green boxes).
- A good point for Tourism in Thailand, the country could get much more US/EU customers in 2022-23.
- in return it will be much more pain for Thai Peoples to visit USA and EU. (Euro is weak vs USD, but strong vs THB).
- Tourism still remain a big economic factor for Thailand, and much more important right now, after Covid Pandemic.
- The big problem is : Economy...
We have an Inverse Head and Shoulders Visible on the Monthly timeframe with triple MACD and RSI Bullish Divergence and a Monthly Bullish Engulfing. I will position now and take profit at the neckline and then again at the previous ATH.
The recent uptrend in USDTHB as expected took a breather but without any significant sell-off.
Although it failed to break the long-term resistance at round 36.50 it may only be a matter of time until it does.
I fully anticipate the recent strength shown to translate into further gains
Ultimately, I am looking for further gains the reach the next resistance areas...
USDTHB( D ) is moving in a strong up trending market.
creating a series of higher high and higher low. Currently, the price has just tested daily previous swing high previous resistance as support and it is weekly 50% fib level. On a daily there is a strong rejection candle has formed. It is a high probability that USDTBH will continue to rise from this level in...
