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U.S. Dollar / Thai Baht

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USDTHB trade ideas

USDTHB POTENTIAL SHORT OPPORTUNITYHey everyone! Hope you're having a blessed weekend! Wanted to come on here and make a post for a potential short opportunity I see here on USDTHB (THAI BAHT). So when taking a look at this chart on the higher TF (context) you can see that price has been rising for quite some time. Showing us that prices are due for a correction of some sort, even potentially a reversal. When looking at the 1D timeframe we can see price has just recently come into a fresh supply level. Some of you may be familiar with supply and demand represented on the charts but there is POWER in understanding how to read supply and demand and combining it with price action! Truly supply and demand is how every single "market" on planet earth works! So when looking at this and seeing it's sitting at this level it gives us better idea and better context of where price action is at, which is HUGE in trading, I mean it is absolutely crucial for your trading. SO on the 4H timeframe what have we now seen? SIGNS OF A SHIFT. 4H had massive bearish leg to downside. Broke higher low structure (showing seller coming in strong and potential dominance), failed to make a higher high, and strong momentum; or I like to say INTEREST. Okay so we have signs pointing to a potential reversal here if anything another push to downside into demand I have marked off at "TP1" which has a lot of confluence as well. So what are we looking for? Well you can see my chart for the comments I put but I am personally waiting for price to give me a pullback (discount) for an opportunity to participate with the potential seller shift here. Watch for price to come into the lower TF supply on the 4H TF and look for seller strength to (return & hold) price from moving higher; with strong seller momentum. OK so I know long explanation but great potential setup here coming into this next and next few weeks so keep eye out! Cheers! P.S. IT HAS POTENTIAL TO RUN DAILY HIGHS AS WELL BEFORE POTENTIALLY REVERSING. NOT AS LIKELY BUT KEEP EYE OUT. LET PRICE ACTION SHOW YOU Cheers!!! GOD BLESS!
Short
by JosePips
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.
Long
by init4datech
5
USDTHB BUY Pending RR7 Patiently waitDear traders, I am excited to share with you my latest trade setup for the USDTHB pair. After conducting a thorough analysis of the market, I believe there is a great opportunity to enter a long position for this pair. Firstly, the USDTHB has been in a strong uptrend for the past few months, with the price consistently making higher highs and higher lows. This indicates a bullish sentiment for the pair. Secondly, the Thai baht has been weakening against the US dollar due to the country's economic instability caused by the COVID-19 pandemic. The Thai government has announced several stimulus measures, but they have not been enough to stabilize the economy. Lastly, the US dollar has been gaining strength against most major currencies due to the Federal Reserve's decision to keep interest rates low and provide liquidity to the markets. Taking all these factors into consideration, I recommend entering a long position for the USDTHB pair at the current market price. Demand and Supply There are 2-3 locations for the demand zone. I see a nice one that coincides with Fibonacci. It's better to wait for the second one. For the first one, you have to wait for confirmation. I hope this trade setup proves to be profitable for you. As always, remember to manage your risk and follow your trading plan. Best regards, Rome Chocolate Trader
Long
by Pcockboxes
USDTHB is on the due course to visit 36 likely in coming weeks.Irrespective of any economic News coming from Feds or any political uncertainty from Thailand does not bother me too much. However I believe in chart patterns and ongoing price action on the pair. As far as USDTHB is concerned the price broke Resistance area at 34.60 on 3.Aug.23 and now has become a strong support. 2nd price is well above support trend line and 3 EMA 20 50 and 200 respectively on Daily Timeframe. There can be a possibility of price to test resistance at 34.28 and then go in hibernation mode for days for the next move higher. Point to be noted that price yet to test current TL SUPP and EMA on Daily Timeframe. And if that holds then we could see another move higher in coming days or weeks. Fingers crossed.
Long
by mnbarlas-fx
The daily chart and the 200 day MA The daily chart and the 200 day MA are known to provide a really good trading opportunity – not always but frequently. When price has spent some time below or above the MA and it crosses over to the other side, you should be watching this. If price retests the MA and gets rejected, you may have an opportunity to catch a multi-day runner. In the USDTHB chart here, you can see that price has crossed over above the 200dma. It is starting to pull back towards it now and possibly will stall either at the major support at 35.20 or the MA. If we get a clear sign of being rejected and a bullish candle prints above the MA, it is a good sign to take a long. If such PA develops, you could be in for massive profits IF you stay patient and committed. Also, check out AUDUSD for a similar setup. Once again, we are only watching and trading this on the daily chart. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
Education
by Trading_Vista