Target hit. Now reversing on a Channel Down. Short.TP = 33.600 hit as the previous 1D Channel Up aggressively broke to the upside (as indicated by the 4H consolidation mentioned on the previous post) and peaked at 34.650. Now a new 1D Channel Down has emerged (RSI = 30.614, MACD = -0.139, Highs/Lows = -0.2244, B/BP = -0.4740) aiming at a Lower Low near the 31.850 support. We are short with TP = 32.000.
Thaibaht
Consolidation before Channel Up continuation. Long.USDTHB should enter a consolidation phase on 4H (as seen on the Rectangle with high volatility, ATR = 0.0861) in order to bring down the overbought values on the most recent bullish run on the 1D Channel Up (RSI = 72.893, Williams = -12.000). The suggested course of action is to buy on every dip within the Rectangle, TP = 33.600.