Euro / U.S. DollarShort
EUR/USD mid term
Updated
From the setup of January 24th 2021 after having identified the 1st counter-trend impulse which took place on March 29th 2021 in air 1017.25 we have
had the opportunity to construct a descending angle according to the rules of W.D. Gann .
The price advanced towards a retracement in the 1.22701 area touching the descending 4x1, this corner den. "loud"
stopped the price by pushing the price down.
At the second impulse, area 118078, the 1x1 corner proved to be fundamental for the confirmation of a continuation of the bearish trend .
The first trading idea of Quantum Management Dubai was that, using the projection of quadratures (W.D. Gann ) by
identify a first target at 0.97677.
From this level, the minimum of September 26th 2022, the price broke the affected area reaching 0.95358, closing the quadrature
weekly at 0.97619.
After squaring the graph we placed a 45° ascending advantage with a target of 50% of the octaves of
Gann , from the high of January 4, 2021 to the low of September 26, 2022.
In fact, reaching the 50% retracement , we find the 1x1 angle to act as an obstacle for the price to advance.
Now finding ourselves in corner den. "fast" in the setup on 26 Sept.2022 we expect a retracement in the aria 1.03348 where is
placed 50% ascending retracement and 1x2 Gann angle. A break to the upside of the 1x1 line might lead to an energy burst taking prices to the psychological level of 1.10.This asset leads us to think of a rise in prices up to the 1.13317 level within the first quarter of 2023.
Quantum Management analyst Mario Santise, Francesco Angelone .
enjoy
had the opportunity to construct a descending angle according to the rules of W.D. Gann .
The price advanced towards a retracement in the 1.22701 area touching the descending 4x1, this corner den. "loud"
stopped the price by pushing the price down.
At the second impulse, area 118078, the 1x1 corner proved to be fundamental for the confirmation of a continuation of the bearish trend .
The first trading idea of Quantum Management Dubai was that, using the projection of quadratures (W.D. Gann ) by
identify a first target at 0.97677.
From this level, the minimum of September 26th 2022, the price broke the affected area reaching 0.95358, closing the quadrature
weekly at 0.97619.
After squaring the graph we placed a 45° ascending advantage with a target of 50% of the octaves of
Gann , from the high of January 4, 2021 to the low of September 26, 2022.
In fact, reaching the 50% retracement , we find the 1x1 angle to act as an obstacle for the price to advance.
Now finding ourselves in corner den. "fast" in the setup on 26 Sept.2022 we expect a retracement in the aria 1.03348 where is
placed 50% ascending retracement and 1x2 Gann angle. A break to the upside of the 1x1 line might lead to an energy burst taking prices to the psychological level of 1.10.This asset leads us to think of a rise in prices up to the 1.13317 level within the first quarter of 2023.
Quantum Management analyst Mario Santise, Francesco Angelone .
enjoy
Trade active
Last week, precisely on Wednesday, after the Fed chairman's speech, we gave an indication that a break ofthe declining 1x1 could bring an energetic burst pushing prices above 1.103-1.105. We at Quantum, despite
having a strong downward trading bias, have forecast an hourly candle below the 1x1 with a target around
1.0348.
We are inside the trade with profit stops to protect us from any mean reverting.
Now our psychological target is 1.04-1.05 to then see a continuation of the upward trend in the medium
term with a target of 1.1250-1.15.
Everything will depend on the monetary policies that will see us involved between now and the next six
months.
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