Here we are tracking the end of a multi year sequence, the wave count has finally reached its target and the market has hit the required levels to trigger profit taking.
Smart money is all over the lows here like a rash, any signs of a base building will attract selling interest in THB and ignite the move. With the end of cycle approaching, no one wants to be left holding EM FX.
Watching closely for signs of an impulsive move in nature, the highs at 33.525 are open for an initial test. Anything beyond the 10% target is currently locked.
Best of luck those trading the lows.
Smart money is all over the lows here like a rash, any signs of a base building will attract selling interest in THB and ignite the move. With the end of cycle approaching, no one wants to be left holding EM FX.
Watching closely for signs of an impulsive move in nature, the highs at 33.525 are open for an initial test. Anything beyond the 10% target is currently locked.
Best of luck those trading the lows.
