USDTHB trade ideas
USDTHB Long term Sell SignalPattern: Channel Down on 1W.
Signal: Bearish after a rebound is completed on the 1W MA200.
Target: 30.150 and 29.300 in extension.
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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.
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!!!
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!!!
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.
USDTHB Trading Plan BUY - Riks Reward 1:3 - FollowTrendUSDTHB Trading Plan BUY - Riks Reward 1:3 - FollowTrend
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.
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?
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.
