USDTHB trade ideas
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THB/USD Buy at 34.5 TP 36
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Notice that the RSI OVS in TF DAY should be around eighty percent. Bounce, there will be some heavy drops, a small part, which the next bounce should be around 34.5.
With each counted as a loop, it should come down to 38.2 Fibonacci so the next bounce should be a bounce of 36.
USDTHB Reverse Cup and Handle (Exotic)As you can see on the 30 min chart for USDTHB there is a Reverse Cup and Handle forming. The price should go down to the support level where it was formed (supply zone) and then form the handle. Any news can move the currency in another direction though so this is just a personal analysis but it looks to be correct :)
USDTHB - long scenarioHi Everyone!✋🏽
The correction of the clear uptrend is valid at the moment on the daily chart (the one I use to define the trend). Nice hammers printed on the daily, and although market may still test the daily or the weekly S/R zones, there is a chance that it may turn and go in the direction of the trend.
For it to happen, there is an early entry zone, but market is ending the correction, so it may be a sideways or zig-zag market in the accumulation zone, but once the higher long trigger zone is bought, targets are marked by the H4 target fibonacci levels.
So, it's an early idea, maybe there won't be a turnaround, but if there will be, we'll be ready to react...
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT!
Trade safe! ⚪️⚫️
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Thailand vs USA- A good point for Tourism in Thailand, the country could get much more US/EU customers in 2022-23.
- in return it will be much more pain for Thai Peoples to visit USA and EU. (Euro is weak vs USD, but strong vs THB).
- Tourism still remain a big economic factor for Thailand, and much more important right now, after Covid Pandemic.
- The big problem is : Economy not only based on Tourism.
- Importations will be much more expensive for Thailand, and they will get much less profits for exportations.
- Thailand is the biggest exporter of natural rubber in the world ( around 14B annual ).
Scenarios :
- if DXY breakout his bullish trend and reach 120ish, we could expect to have 1$ = 39 to 41 THB
- A panic sell of riches peoples and companies could lead to transform their THB to USD. Then THB could back to 2001 situation, 1$ = 45ish THB.
Happy Tr4Ding !
USDTHB H4#USDTHB H4 -->HH HL
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- TF Day Up Trend
- TF H4 Up Trend
- TF H1 Up Trend
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- Support 35.800+/-
- Support 35.000+/-
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- SL 50 pip
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“All this analysis is speculation only. Investor discretion is recommended. in the decision"
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Expectation in the continuation in the uptrend - USDTHBThe recent uptrend in USDTHB as expected took a breather but without any significant sell-off.
Although it failed to break the long-term resistance at round 36.50 it may only be a matter of time until it does.
I fully anticipate the recent strength shown to translate into further gains
Ultimately, I am looking for further gains the reach the next resistance areas at 38.22 and beyond.
So, hopefully this may be good for some 150 pips with limited downside risk given the current strength of the dollar
The 0.618 FIB level as shown providing support as it already defended any sell pressure a few days ago.
USDTHB is in possible buy zone!!USDTHB( D ) is moving in a strong up trending market.
creating a series of higher high and higher low. Currently, the price has just tested daily previous swing high previous resistance as support and it is weekly 50% fib level. On a daily there is a strong rejection candle has formed. It is a high probability that USDTBH will continue to rise from this level in the new trading week.
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