Sawadee Khrup - USDTHB

Thai baht has been very strong against the USD. It has appreciated more than 11% to its current price. Now it sits at the 50% FIB level and possibly there might be a retracement or it could heads further south to 61.8 FIB level before rebound.

Watch the wedge pattern breakout and be careful of false breakout. Take a small position and accumulate slowly if unsure, always use SL and manage your trade. Best of luck !
评论: selling still not done. we are waiting
评论: we have learnt from many many charts that the price action will not touch precisely at the FIB level, be it 50% or 61.8% . It may exceed a little like in this case before it retrace.
评论: 2 months later , still no visible signs of price stabilising and rebounding. Be patient
评论: Nice fall, reaching the 618 FIB level, watch for possible rebound. Don't miss the ride up :)
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