#bigtime 4H TF
I think it is in a good position, wait until it breaks the resistance, then we can enter it, but definitely after the resistance is broken.
read also :
Myanmar’s got its eyes on the BRICS prize, keen as ever to hop on the bandwagon and start dealing in the BRICS currency come 2024. The country’s fully on board with what the BRICS crew is laying down, currency-wise.
Kan Zaw, the big cheese in charge of Investment and Foreign Economic Relations in Myanmar, spilled the beans this week. He said they’ve been chummy with the SCO (Shanghai Cooperation Organisation) crowd for a bit now. And when it comes to BRICS and the whole single currency shindig, Myanmar is all in, according to Zaw.
BRICS has been on a bit of a growth spurt lately, adding six new members to their squad at last year’s bash. They’re all about ditching the dollar and making their own money talk. With the 2024 Summit coming up, countries are lining up for a piece of the action, and Myanmar’s right there with them, as Zaw made crystal clear.
If BRICS gives the nod, Myanmar will be joining the likes of Saudi Arabia, the UAE, Iran, Egypt, and Ethiopia, who all jumped on the bandwagon at the start of 2024. Argentina, however, decided to bail after a change in leadership last October. But BRICS isn’t sweating it; they’re planning to send out invites to another six countries at the next summit, with India hinting at who might be on the guest list.
BRICS has become a movement, pushing for big changes in how global business gets done. They kicked things off with the New Development Bank (NDB) back in 2013, throwing down $50 billion to start. The NDB, parked in Shanghai, has been throwing money at projects left and right, trying to shake things up on the world stage.
