USDTHB fomred bullish butterfly | Upto 4.5% bull move.
Priceline of US Dollar / Thai Baht forex pair has formed a bullish butterfly pattern and entered in potential reversal zone to hit the sell target soon insha Allah.
This PRZ area is also a stop loss point, in case of complete candle stick closes below this area.
MACD is turning bullish, it was strong bearish now turned weak bearish.
RSI is oversold.
Stochastic is oversold.
Volume profile of complete pattern is showing less interest of traders at this area.
I have used Fibonacci sequence to set the targets:
Buy between: 30.772 to 30.397
Sell between: 31.064 to 31.770
Enjoy your profits and regards,
Atif Akbar (moon333)
This PRZ area is also a stop loss point, in case of complete candle stick closes below this area.
MACD is turning bullish, it was strong bearish now turned weak bearish.
RSI is oversold.
Stochastic is oversold.
Volume profile of complete pattern is showing less interest of traders at this area.
I have used Fibonacci sequence to set the targets:
Buy between: 30.772 to 30.397
Sell between: 31.064 to 31.770
Enjoy your profits and regards,
Atif Akbar (moon333)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.