In this week's USD/THB analysis, we dive deep into the currency pair's movements and potential trading opportunities for the week starting September 4th, 2023 both on Daily and 15 Min Timeframe. Video tells previous week's price action, explore ongoing trends, and offer insights into what to expect in the coming days.
Starting a USD/THB buy trade, targeting 35.37. This one's set to unfold over 5-7 trading days. Keeping a close watch as it progresses. #ForexTrading #USDTHB
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...
Irrespective of any economic News coming from Feds or any political uncertainty from Thailand does not bother me too much.
However I believe in chart patterns and ongoing price action on the pair. As far as USDTHB is concerned the price broke Resistance area at 34.60 on 3.Aug.23 and now has become a strong support. 2nd price is well above support trend line...
The daily chart and the 200 day MA are known to provide a really good trading opportunity – not always but frequently. When price has spent some time below or above the MA and it crosses over to the other side, you should be watching this. If price retests the MA and gets rejected, you may have an opportunity to catch a multi-day runner.
In the USDTHB chart here,...
I typically do much longer time frame trades but i saw this and thought it was pretty defined and worth the Risk on the very clear inverse HnS, watch for the neckline break and retest if you are conservative to jump in
On the chart we can see a falling wedge pattern that is bullish reversal pattern.
After the correction is finished we expect that the price will rise.
Target is shown on the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
i think USDTHB will down because if you see DXY hit1.618 and go to TF4H have bearish signal. So if you wanna short i think is good position and you just money management (cutloss). See you
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.
