USDTHB trade ideas
USDTHB $USDTHB Long ScalpUSDTHB $USDTHB Long Scalp. TPs on the chart. 100-200x leverage. Move SL on TP.
USDTHB will soonly HIT 37.79USDTHB just recently hit resistance at 34.735.
There is a high chance to retrace at 34.330 , 34.000 or 33.823 before rally to 37.79
If USDTHB break 37.79 , it will possibly reach 44.64. Even 59.75 or 80.17 if there is a crisis or THB price attack at that time.
USDTHB SELLThe fifth wave is extended, and now it is about to end, the slope is slowing down, the RSI is deviating, it can be shorted, and the target is the starting point of the second sub-wave of the fifth wave.
USDTHB 28th APRIL 2022Thailand is the second largest economy in Southeast Asia. In the fourth quarter of last year, the country was helped by strong exports and the easing of Covid-19 restrictions.
Bank of Thailand (BOT) estimates that the Thai economy will continue to expand in 2022 and 2023 despite rising inflation . Meanwhile monetary policy tightening may have to wait until the economy recovers stronger. The Central Bank of Thailand will continue to support the economy as it has left the key interest rate at a record low 0.50% since May 2020.
USDTHB : Bullish (Although DXY look overbought and limit of upside)
but my country also have eco. issues, hyper inflation :DDDDDDD
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PS. *** All of my analysis is for scalping method, Not suitable for coin holders / Investor
*** If you follow it please adjust the stop loss at your acceptable risk.
It's my trading diary particulary to practice scalp trading skill.
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Feel free to share your thoughts, Trade safe and fun!
W10 - 1 _ Short Term Bearish Idea _ USDTHB H1The price action which was moving down has retraced just shy of ~61.2% of FR of the last leg.
It has formed Bearish Divergence on MAs and Histogram of MACD indicator.
The price action has also formed an Evening Star Candle pattern.
All these evidence presents bearish pressure, and we can expect a move down.
Target is the most recent resistance level which had been support multiple times in the past.
Protection is at 61.2% FR of the down leg.
Thai Baht May Outperform as Tourism Slowly Boosts EconomyThe Thai Baht has been cautiously gaining ground against the US Dollar since December despite recent volatility in stock markets.
In fact, USD/THB recently broke under a key rising trendline from early 2021, confirming the breakout. Key support below appears to be the 200-day Simple Moving Average.
Tourism is a key component of Thailand's economy, which has been hampered due to the global pandemic. But, as countries around the world gradually move forward with vaccinations and natural immunity, a gradual comeback in local tourism may boost the economy, perhaps setting the Thai Baht on course to outperform in the medium to long term.
In the event of a turn higher, critical resistance seems to be the 33.861 - 34.000 resistance zone, where breaking above may open the door to resuming the dominant uptrend. Further Covid-19 variants also risk derailing domestic growth expectations.
Clearing the 200-day SMA exposes the November and August lows. In the long run, key below seems to be the 29.718 - 29.842 range.
Bulls are taking a pause before the final attemptHi Folks:
Nothing new here. Impatiently waiting to hit the target. At the moment we still trading inside the ascending channel so remember to take the trades at the edges to be profitable.
STAY SAFE. Cheers
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Double TOP or just a retest?Hi Folks:
Here's an updated view on this pair. My opinion is that is NOT a double top and instead it is only a retest of the previous high.
Target remains unchanged at 34.65.
Stay Safe. Cheers.
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Target still a bit far but in the meantime...Hi Folks:
Long time I have not updated my view on this pair.
Self explanatory. Target still a bit far but let's be patient.
Cheers.
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Possible last attempt to reach the LONG targetHi Folks:
I am not so convinced of this idea because of the weakening of the USD in the past sessions, specially after FED Powell comments.
I will give a try on this idea with a small position and place a SL (or total hedge) as per the chart. If I go for the hedge I will hold it till the orange dotted line at 32.200 and unhedge from there and open further longs to average down my exit in the event of a failure.
I would rate this idea of 60% chances of failure and 40% to reach the target but worth to try just in case. ;)
Cheers
On the path to reach the targetHi folks.
This exotic pair still a bit far from the target but slowly getting there.
As long as we remain inside the drawn lines we will reach the target sooner or later.
Cheers.
USDTHB top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The last push to the targetAfter a small correction to gain further sttrength, I think we are going to hit my target at last.
We remain inside an ascending channel and therefore take positions at the trendline support/resistance.
Cheers.
34.65 approaching.So far so good. Thai baht will continue to get smashed against the dollar for a bit longer till reaching the target. Fundamentally speaking Thailand is in deep pain after covid situation in the country.
Cheers
