As we can see, the price is positioning for a potential breakout, as seen in the video. However, joining the current trend requires a bit of planning. The best option is to wait and see the nearest structure to be tested and broken effectively. Then, use the Price Action Entry Model to join the trend on the lower timeframes, which could be intraday or session-based.
USDTHB is consolidating in a very small region at the end of March 2024 . USDTHB has got a history of breakout's. Million dollar Question? Will the price breakout in coming days. How far price can go? and what is going to be the course of action in days to come.
USTECH has held a special place in my portfolio for quite some time due to its responsiveness to news related to tech giants. Additionally, economic news exerts significant influence on market trends. I'm of the opinion that there is still potential for the market to gather more liquidity and for orders to be established before any downward movement occurs. Thus,...
GOLD currently exhibits a bearish trend, having breached several support levels, although it has not yet touched a critical support level. From a technical standpoint, it is advisable to await a price retracement to the Trend Line Resistance before considering a selling position, with confirmation observed on lower time frames providing added...
What can we anticipate for NIFTY's performance in the upcoming week, given its inability to secure a closing above the significant 20,000 psychological level ? In the context of a robust upward trend, the emergence of a bearish weekly candlestick at the 20,000 level may suggest that we are likely to witness a period of price consolidation. Although I do not...
This aligns with my anticipation of a price retracement from 33,440 . Presently, the bearish trend appears robust, necessitating patience until the price establishes a support level in the vicinity of 33,070/90 for a suitable entry point for buying. Additionally, I'm looking for the price to construct and fulfill an ABCD pattern , meeting my criteria for...
In this video, I have taken into account a comprehensive technical analysis of the USDPKR exchange rate and its significant impact on inflation within Pakistan. The Price action will provide you with a detailed understanding of the factors driving this upward movement. Stay informed and make data-driven decisions in the financial markets by watching our in-depth...
In this week's USD/THB analysis, we dive deep into the currency pair's movements and potential trading opportunities for the week starting September 4th, 2023 both on Daily and 15 Min Timeframe. Video tells previous week's price action, explore ongoing trends, and offer insights into what to expect in the coming days.
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...
Thai Baht Gold is in Downtrend on Daily TF. I am looking forward for pair to touch Demand Zone that starts at 31500. Condition to BUY : If Price breaches upper TL in red color after touching support. We will BUY Thai Baht Gold using Price Action Technique and confirms changing of Trend by create HL on 04 Hour TF. Further more it may react by testing EMA200 on...