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Valequantum

Short term potential long D1 ChartI hope everyone has had time a relax and recuperate over the weekend. Following on from Friday's economic impact to further downside likely caused by both a BOJ stimulus package and/or various EU countries issuing further lockdown talks Re Coronavirus, the overall trend looks bearish for now However, there may be room for some short term trades in a Long position based on D1 Price rejection from support and oversold Stochastics most of last week, and i have set my target points of interest in Blue, aiming for around the 50 SMA or 129.725 initially with the hope of continuing through to 130.094 before further analysis. It should be noted that there is also price rejection on the W1 chart, so the potential for a reversal should not be ruled out. Let's see what the week brings. and best of luck.
Long
by Vale_Quantum_FX
EUR/USD Mid-Term Bearish continuation D1 Chart I hope everyone has had a relaxing weekend ready for the trading week ahead. The market closed on Friday forming a clear Bearish engulfing candle, suggesting that there is further downside potential Based on the Stochastics I believe we will see a corrective retracement first , to around the 1.116235 position before downside continuation From a technical perspective, liquidity is favouring Short position, however either choose your Lots size wisely to enter early or better yet wait for corrective confirmation (accumulating more liquidity) and look to short at around 1.16239 Best of luck.
Short
by Vale_Quantum_FX
2
EUR/USD Short-Term fall to re-test 1.1530 then Long H1 Chart Generally speaking, in my opinion, the EURUSD is creating a supply zone at its current sideways movement in order to react to either a Germany Trade Balance report (Prev: 18.1b - Cons:14.4b) or the US Non-Farm Payrolls (Prev:235k - Cons:500k) and Unemployment rates (Prev:5.2% - Cons:5.1%) I anticipate that we will not see much volatility until from Tuesday 12th Oct next week, following the US Bank Holding on Monday (Columbus Day). From next week however, the Stochastics D1 and W1 are reaching their over-sold points, and so i expect a generous retracement up to 1.16600 and perhaps further.
Long
by Vale_Quantum_FX