USD/THB Bullish Pennant Breakout in Daily Time FrameIn 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.
Thailand
Bitkub Thailand- All elements are presented graphically, as usual.
- Verify bobbles, colors, and trends.
- Analyze resistances and their potential transformation into support.
If KUB breaks through this downtrend triangle:
- The first conservative target (TP1) could be around 115 THB.
- The ultimate bull run target (TP2) might reach approximately 1,500 THB, representing a potential gain of +1800% from the current price.
As always, be patient and invest wisely.
Happy Tr4ding!
SET Index Thailand Long-term Idea investment opportunity
Thailand Consumer Morale Lowest
Bank of Thailand Holds Rates Steady
Thailand Inflation Rate Accelerates
Thailand Business Morale Edges Higher
Thailand Manufacturing Expands for 1st Time in 10 Months
Thailand Retail Sales Growth Tumbles
Thailand Private Investment Rebounds High
Thailand Personal Spending Rebounds High
Thailand Industrial Output Unexpectedly Rebounds
Thailand Jobless Rate Highest in Quarters
BAFS; Wait and Buy at any one of these scenarios.Scenario1: Complete 1cycle and begin new cycle which retrace w-2, then
Buy at retrace on 88% at 18.5-19.5 THB.
Scenario2: Incomplete 1cycle and now W-C, then
Buy1 at Impulse C on 100% at 17.5 THB.
Buy2 at Impulse C on 127% at 13.5 THB.
Remark, I dont think the price would go down to 161% since a high rebound happened on 61% at 32.00THB.
If there are any other ideas, feel free to share.
GPSC We can see that GPSC is correlated with US10Y.
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US10Y is at a peak level of 5.00% , And with a possible of retracement to 50% Equilibrium of the highest and the lowest of US10Y which is at 2.680% (as of1 Aug 22)
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With this information we can target GPSC at the same level of 1 Aug 22 which is 71 Baht.
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Entry around this level will possibly gain around 65%.
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
The comeback of the 1997 Asian Financial Crisis in near futureAsia will be shaken to the core once again, but that's good news for China, first, for CCP it is an opportunity to step in and replace dollar with yuan, making countries in Asian region to submit to the Yuan power, de-dollarization of Asia. The first crisis was triggered by the handover of HongKong to China, this time it will be takeover of Taiwan by China.
Fractals on USDTHB charts strongly suggests everything that is said above.