USD/THB Bullish Pennant Breakout in Daily Time Frame
In the daily time frame, USD/THB has formed a bullish pennant pattern, and we are currently seeing a breakout. If we measure the target from the bottom of the pattern, it aligns with the pink resistance zone. This area could be a good place to consider reducing positions or potentially entering a short, depending on how the price reacts at this key level.
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WiVERIDERS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.