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Quasimodo

Serious Confluence Indicates – GBP/JPY going fo CorrectionQuasimodo Level after MACD Divergence and Pinbar Pattern in GBP/JPY Today, this GBP/JPY pair is in a downtrend of almost 1000 pips and is still considered bearish. Yesterday’s 1D chart, the candle has ended as a Pinbar pattern. The Pinbar candlestick pattern is a reversal pattern and is a very reliable pattern to use amongst forex traders. In this 1D chart, there is a bullish Pinbar which shows us the first signal for a reversal opportunity. There is also a MACD Divergence price formation. If the price creates a lower low, then the MACD creates a higher low. This indicates that the downtrend is decreasing its strength, and now gives us the second signal for reversal opportunity. This is at least for the short term. In the 1H chart, below, there is a third signal, which is a new demand, and it is a Quasimodo level which is considered to be a very powerful level. The confluence of these three signals, the Pinbar pattern, MACD divergence, and the Quasimodo level, all create a reliable opportunity for a reversal position. The right level to open buy position is the demand below, which is the Quasimodo level, and of course only, if the price retraces to that level. The first target for this position is number 1, the supply above. The final target will be number 2, the supply at the top.
Long
by the5erstrading
Indication that The Recent Downtrend In The M30 Chart has EndedTrend Analysis For GBP/USD, Monday 03/06/2019 As we can see in the M30 chart, the GBP/USD has just developed a bullish momentum. In the higher time frame, the price is still bearish. Below us, there is a new fresh demand level which is also a Quasimodo level. A Quasimodo pattern is a situation where the price changing momentum with one strong movement. As we can see in the M30 chart, after the recent downtrend where the price creates a few lower highs, it now creates a new higher high with one movement. That situation creates the Quasimodo pattern and it indicates the momentum changed from bearish to bullish. Usually, this pattern creates an opportunity with a great risk-reward ratio. The demand below is a great level for buy position and the target will be the supply above.
Long
by the5erstrading
2
USDZAROn the chart above, we have an unfolding pattern , my recent new favourite pattern called the Quasimodo Pattern. Reasons For Entry : - Currently Trending About The Demand Zone - Local Low Broken - Lower Low Forming Wait for the breakout off the Resistance for the Lower Highs of the current bearish skewed rectangular trend then enter to BUY towards the QML area to sell. OR Place the Sell Limit order. Everything Good Yearns Patience And Time Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors. This Page has many charts to show setups and patterns for illustrative purpose and no set up given should be taken as a recommendation. This is purely what I see in the market, trading the setups is at your own discretion and risk. #TheGreatestMarketAnalyst
by TheGreatestMarketAnalyst
END OF DOWN TREND? POSSIBLE 600 PIP TRADEGood day risk takers, The Market has been in an intermediate down trend since early April 2018, for the first two months of the downtrend it had a strong momentum. Market then started to run out of steam but slowly pushing down until entering an 11 month channel with occasional fake outs to trap sellers and buyers. In November 2018 Market tested support at 1.1216 which is a very important level which held in May-June 2017 and November 2016. Price failed to break through and continued in its channel until testing the support again in 09 March 2019 and now which is current market price (02 April 2019). We see divergence on the weekly time frame for the 14 period RSI which indicates a reversal is eminent. The question we have to answer now is that is this the end of a downtrend(intermediate), there is an 11 year old trend line which the market respects and could possibly be the long term target if the market were to reverse which is also a resistance for the primary downtrend. In terms of fundamentals the US-China trade talks are still the main issue of concern, there is also Brexit for the Euro and Quantitative Easing, all these would be instrumental in driving the pair up to the 1.1800 which is possible were the trend line would extend to at the time.
Long
by ZAYN1001
The SPX500 Price Is Between Two Quasimodo Levels 24/03/19 For the long terms, we can see that the Spx500 index is bearish, we can see that clearly on a weekly chart, the last drop from Friday is a reaction to the Weekly Quasimodo level that I mention in my post from the 14/03/19 on SPX500, For those who didn't sell at the first touch of the price in that weekly level, the price might give another chance after creates new fresh supply which looks like another Quasimodo level in the lower time frame (15 minutes), If the price will retrace to that supply above, I'll sell there as a long term position, my stop loss will be just above that supply level, and my target for this sell Position will be 2400.00 zones, the demand below can be a great level of buy position but as an intraday position, For this upcoming week, there are no high impact events or news for the USD so I feel on the safe side by using only tech analysis.
SP:SPXShort
by the5erstrading
Quasimodo Level On 4H Chart In GBPCAD 22/01/2019The supply level above us is also Quasimodo level, Quasimodo consider as a very reliable pattern, usually, Quasimodo level creates a great Risk Reward ratio, the supply above has Broke out the last low of the bullish momentum that was before, the price did it in a very sharp and fast drop and in one movement which creates the Quasimodo level, I'll wait for the Price to reach that supply, and I'll sell there on the first touch and my long term target will be 1.6000 zones.
Short
by the5erstrading
2
Quasimodo Pattern For Sell Position On USDJPY 30/11/2018As a price action forex trader, Quasimodo pattern is one of my favorites, it's a very reliable pattern, and usually, this pattern opportunity create a great risk-reward ratio position, in That case, the supply above is a great Quasimodo level, the price changed the momentum from bullish to bearish with a one strong down movement, if the price retrace to that Supply, I'll sell there and my target will be the demand below which is also a great level of buy position.
Short
by the5erstrading
Dollar index DXY in a pressure areaDXY just entered a pressure area: - 91.80 was a support in first week of January then it was broken: now it can be a resistance level! - 92.25 to 92.57 was a strong resistance in January so it could be a strong resistance level too. Slowstochastic is Overbougth, which is a good confirmation for short. Entry SHORT level: 91.50-91.25 with a confirmation at lower timeframes OR Entry SHORT level: 92.64-92.32 (using a sort of QUASIMODO, look at bull candles of Jan 8th and 9th) with a confirmation at lower timeframes
TVC:DXYShort
by 03.freeman