Symbol - USDTHB
USDTHB is currently trading at 37.064
I'm seeing a trading opportunity on sell side.
Shorting USDTHB pair at CMP 37.064
I will be adding more if 37.400 comes & will hold with SL of 37.620
Targets I'm expecting are 36.400 - 36.000
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position....
Price is respecting the supply level and market has retested this zone. Now after the proper breakout of the trendline and breakout of the recent low will look for a short position.
USDTHB 60 minute TF
USDTHB has broken out of the triangle and is now going for a new high!
It has also re tested the support and has removed concerns of a fake breakout
TGT has not been set as profit riding with trailing the SL can be done
Set a small SL and be safe!
RR-5.5
Possible pips-
Message me if you'd like to learn!
USDTHB is at an important resistance level. The resistance is formed since 2017 and if that broken, it may lead the path towards 33. With rising USD index, increase in crude prices and higher US inflation, will we see the breach of the trend this time? Keep a close watch.
