THB will be weak or strong against USD?Main direction of THB which we expect to be weaker compared against USD. It might pull back to test the lower line of channel again.Longby Waveforce5
USDTHB Buy Limit - Entry 13.95Stop Loss = 31.65 / Take Profit = 32.55 > Coupled with a 1% risk and 2% reward. Once the trade reaches a 1:1 point move SL in front of the entry to protect the downside. If it takes you out we can always re enter at another opportunity. As the trade progresses i will comment every change to show you how i make to maximize profits. Remember Risk/Reward is the key, we will take losses along the way but overall profit in the long run. If you enjoy follow and like my ideas and if you have questions message me. Keep Chasing that Paper!!!Longby PaperChaser12224
USD/THB Long Trade - Entry 33.164Stop Loss = 32.564 / Take Profit = 34.964 > Coupled with a 1% risk with 3% reward. Once the trade reaches a 2:1 point move SL in front of opening at a 1:1 point to mitigate risk. Keep Chasing that Paper!!!Longby PaperChaser12Updated 5
USDTHB Potential Bullish MovementUSDTHB Potential Bullish Movement we are waiting for a momentum candle close above 32.870 to buy this one Reason: 1- Divergence on MACD (in red) 2- Objective Wedge (in blue) 3- Double Bottom (in purple) Three confluences are enough to consider Buying USDTHB, after a break below 32.870 (in gray) *unless price broke below our double bottom pattern (purple zone), then this one may resume its bearish trend.Longby TheSignalyst11
USDTHB Trading Plan BUY - Riks Reward 1:3 - FollowTrendUSDTHB Trading Plan BUY - Riks Reward 1:3 - FollowTrendLongby ekopurdana4
USD/THB Trading Plan BUY - Riks Reward 1:3USD/THB Trading Plan BUY - Riks Reward 1:3Longby ekopurdanaUpdated 5
USD/THB Trading Plan SELL - Riks Reward 1:3USD/THB Trading Plan SELL - Riks Reward 1:3Shortby ekopurdanaUpdated 6
Daily flag, wedge can breakThailands tourism is in the gutter as Chinese tour groups stopped. China is a large cut of tourism. Baht had its run, part IS OVER. Time for this MASSIVE BULL WEDGE TO BREAK UPWARD, AND THE BAHT DECEND TO ITS REAL VALUE.... which matches the countries LOW productivity levels. High baht times are over for now.Longby Kamiwhale4
Price Is Approaching The Key LevelPrice is under the key level now. Previous high was 5-6 month ago. Previous low was 7 years ago. Will price meet the 7 years low?Shortby UnknownUnicorn40908575
USDTHB - Big Potential opportunityPotential opportunity to stand at the beginning of a trend. The end of the 5th wave formation. I will wait for the rollback to Fibo level 0.618 and get up.Longby MinnieTrading334
USDTHBThai bath : The investor fear Corona virus that affect of Thailand tourism industryLongby bounthanom4
Thailand may not smile as much as before - USDTHBThe one country that many tourists love to visit is Thailand. It has great food, shopping and friendly locals. But since July 2018, the baht has appreciated so much against the USD (same for SGD) that things are getting more expensive now in Thailand. July 2018 - 1 USD = 34.656 THB Dec 2019 - 1 USD = 30.178 THB China tourists is probably the biggest outbound travellers that any countries would love to have them. Not so for Thailand as in this article :https://www.scmp.com/magazines/post-magazine/travel/article/2166804/thailand-disturbed-sharp-decline-chinese-tourists How about the stock market ? Funds are fleeing as well apparently :https://www.thestar.com.my/business/business-news/2019/12/12/thailands-stock-market-seen-reeling-from-foreign-exodus Let's hope the signing of the US-China trade agreement will give the much needed boost it needed both for the stock market and its currency. I missed Tom Yum, the beaches, Pad Thai, OMG.............by dchua1969Updated 7
36 baht per USD target. Long prediction. This is a descending wedge which are bullish. In the long run, monthly I see a target of 36 in the years to come. World trade and spending are slowing in the macro economic picture and EMs will not hold up! If you have baht, time to sell and reverse positions as 29 or 30 baht per dollar will NO WAY hold much longer. This kind of rate is totally ridiculous in the grand scheme of world economics. These FX currency flows into Thailand (despite huge tourism numbers decreasing) is a suckers market. Its mostly Chinese construction companies laundering money to get money out of china to build more Bangkok condos which nobody is buying! (Huge numbers of unsold condos in Bangkok in 2018, apprx 650,000 unsold units, should be higher in 19" and 20's!). To think Thailands economy is strong is misleading, its a house of cards. I have been living in Thailand on and off since 2010 so know things from feet on the ground. 30/USD is just way overvalued. Watch for the break out from the wedge and indicators that go along with it.Longby Kamiwhale3