I'm looking to add to QNTUSD at the 110 - 113 level for a possible short term bounce. The lower time frames are now looking very oversold (1hr - 4hr). The Daily (see below) still looks like it has further to go on the downside. A bounce at 110-113 could see a restest of the breakdown at 120. I can see the downside resuming to the 98-100 area bigger picture.
Trade closed: target reached:
the 120 target for QNTUSD has been reached and the trade has been closed. I see weakness coming in with a possibility it rolls over for a test of the 100 region. Alternatively we consolidate here into a flag for more upside. FOMO meeting minutes today could give us a direction and present a possible good entry point. For the time being we wait.