Hi everyone, looking at GBPTHB, we may see that GBP formed nice candle patter to the upside, also it's at 16 years low from where we should see a pullback at least to 50 fib. As brexit, covid drives markets, loots of people will seek holidays in warm countries once allowed, and as Thailand is beloved by Brits, we may see a skyrocket in the price of thb.
This...
Looking at the weekly chart, over the past few weeks we have seen a steady decline, we've now found ourselves at the bottom of our RSI with a score of 30.54.
Last time we have our RSI bottom out (as highlighted above) was all the way back in October 2016, we saw a sharp Bull move which kept us trading in this channel between 42.02 - 44.94 for practically 2...