The US dollar/ Thai baht (USDTHB) has been rallying to the bullish side. Hawkish Fed policy has remained the key source of dollar strength, but one may still wonder if the trend will continue or if it is already oversold and is bound for correction. A unique indicator used to identify if a trend is oversold or overbought is the DeMarker indicator. The DeMarker,...
USDTHB $USDTHB Long Scalp. TPs on the chart. 100-200x leverage. Move SL on TP.
USDTHB just recently hit resistance at 34.735. There is a high chance to retrace at 34.330 , 34.000 or 33.823 before rally to 37.79 If USDTHB break 37.79 , it will possibly reach 44.64. Even 59.75 or 80.17 if there is a crisis or THB price attack at that time.
The fifth wave is extended, and now it is about to end, the slope is slowing down, the RSI is deviating, it can be shorted, and the target is the starting point of the second sub-wave of the fifth wave.
Bearish breakout : Entry price 34.169 Take Profit 33.942 Stop Loss 34.247
Thailand is the second largest economy in Southeast Asia. In the fourth quarter of last year, the country was helped by strong exports and the easing of Covid-19 restrictions. Bank of Thailand (BOT) estimates that the Thai economy will continue to expand in 2022 and 2023 despite rising inflation . Meanwhile monetary policy tightening may have to wait until the...
Next target is 36 . Would we get high like JPY :))
(Although DXY look overbought and limit of upside) but my country also have eco. issues, hyper inflation :DDDDDDD . . PS. *** All of my analysis is for scalping method, Not suitable for coin holders / Investor *** If you follow it please adjust the stop loss at your acceptable risk. It's my trading diary particulary to practice scalp trading skill. . Feel...
USDTHB Long Scalp. 100X leverage, TPs on the chart. SL is liquidation.
The price action which was moving down has retraced just shy of ~61.2% of FR of the last leg. It has formed Bearish Divergence on MAs and Histogram of MACD indicator. The price action has also formed an Evening Star Candle pattern. All these evidence presents bearish pressure, and we can expect a move down. Target is the most recent resistance level which had been...
USDTHB Long Scalp. TPs on chart. SL is liquidation. 100x
USDTHB Short Scalp. 100x leverage. TPs on the chart. SL is liquidation.
USDTHB Short Scalp. Targets on the chart. 100X leverage. SL is liquidation.
Everything is on the chart Feel free to comment / share ur ideas Trade safe and fun
The Thai Baht has been cautiously gaining ground against the US Dollar since December despite recent volatility in stock markets. In fact, USD/THB recently broke under a key rising trendline from early 2021, confirming the breakout. Key support below appears to be the 200-day Simple Moving Average. Tourism is a key component of Thailand's economy, which has been...
Hi Folks: Nothing new here. Impatiently waiting to hit the target. At the moment we still trading inside the ascending channel so remember to take the trades at the edges to be profitable. STAY SAFE. Cheers ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to...
Hi Folks: Here's an updated view on this pair. My opinion is that is NOT a double top and instead it is only a retest of the previous high. Target remains unchanged at 34.65. Stay Safe. Cheers. ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue...