═════════════════════════════════
Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌
This post is to show what is not a great Triangle to me.
I mean, we can say it...
1. Descending wedge
2. MACD resetting at 0
3. Rate of change of MACD is improving
4. Hedgeye likes the country's macro fundamentals and has been mentioning it
Risk:
The Dollar bounces from its crash-mode and sends everything down.
I have a position I am going to add to it.
Sawadee Khrup!
Looking at the chart, we can see a fake breakout with the price returning back inside the bearish trend line. Barring any surprises, it should heads further south towards 84.65 or worse, 80.99.
I am more keen to buy this ETF than short it and at current price level, the risk reward does not seems justifiable to short it. But for those intraday...
![THD: [Long] Thailand](https://s3.tradingview.com/f/Fu6LXeAY_mid.png "[Long] Thailand")
