Hi Folks:
Nothing new here. Impatiently waiting to hit the target. At the moment we still trading inside the ascending channel so remember to take the trades at the edges to be profitable.
STAY SAFE. Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to...
Hi Folks:
Here's an updated view on this pair. My opinion is that is NOT a double top and instead it is only a retest of the previous high.
Target remains unchanged at 34.65.
Stay Safe. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue...
Free signals guys its once in a life time, wait for a setup to complete and make your money, remember risk management is mandatory, we trade to withdraw, the aim is to fill the bucket that is your bank account,,,,, good luck !!🤑
Hi Folks:
Long time I have not updated my view on this pair.
Self explanatory. Target still a bit far but let's be patient.
Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue charting for you.
Hi Folks:
I am not so convinced of this idea because of the weakening of the USD in the past sessions, specially after FED Powell comments.
I will give a try on this idea with a small position and place a SL (or total hedge) as per the chart. If I go for the hedge I will hold it till the orange dotted line at 32.200 and unhedge from there and open further longs...
Hi folks.
This exotic pair still a bit far from the target but slowly getting there.
As long as we remain inside the drawn lines we will reach the target sooner or later.
Cheers.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
After a small correction to gain further sttrength, I think we are going to hit my target at last.
We remain inside an ascending channel and therefore take positions at the trendline support/resistance.
Cheers.
So far so good. Thai baht will continue to get smashed against the dollar for a bit longer till reaching the target. Fundamentally speaking Thailand is in deep pain after covid situation in the country.
Cheers
OPEN wedge retest after going to down this is just for education purpose and gain more knowledge and understand market structure commends bellow . thank you
Then what will happen.
Let's recall the fundamental of price when it reaches the medianline.
Price will...
-zoom and zoom then retest the ML.
-reverse back the latest MLH.
-congest
If the price does zoom the ML, price could break the previous highest high. And we will have a major uptrend cycle.
We are currently in a very critical area with plenty of resistances, specially the black long term trendline that comes from all time high.
After hitting the first pullback target at 32.2 I was expecting a minor push from the USD followed by a further correction to 31.8 area or at least a retest of the previous bottom (32.2). Instead price broke 32.90 resistance...
I think the Thai Baht will strengthen a little bit against the USD, reaching the 31.800 area or at least a retest of 32.200 before another leg up of the USD.
As mentioned several times in my forex charts, I am expecting the USD the strengthen against most pairs and lead the global economic recovery worldwide.
32.9ish has proven to be a small resistance so far...
OANDA
