Buy usd/thb 35.00 add through 35.20 , stop below 34.90
Updated
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 it means usd sgd also has the potential to advance to 1.3850 from the current 1.3750
If the usd/thb does materially rise then being some 7% of the sgd neer ,I think it means usd sgd also has the potential to advance to 1.3850 from the current 1.3750
Note
Usd/thb trading 35.37 . We are long usd/thb at an average of 35.10 . I am raising the stop to 35.15 to make this a free trade. T/p set at 35.75 for half the position and 36.35 for the remaining half.
Should the first one get done and then this goes down, depending on the circumstances , may re-buy the sold half on a dip to 35.00 , but will update should this happen
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