Gershom_x

Gershom_x

Waiting for price to mitigate the demand zone on 4H time frame and after wards look for confirmations on lower time frames before going long. This is not prediction but am following the market structure on 4H where by there is a trend line liquidity that maybe swept if the price continues to the marked demand zone at 137.964

Gershom_x

QM(Quasimodo pattern) patterns are one of the easiest patterns to identify during market structure analysis. These patterns always form during a market reversal and you can also sometimes find them on supply and demand areas. They usually form at the end of an uptrend or downtrend.

Gershom_x Updated 

The trade was generated due to the rejection of price on the 1H time frame demand zone after a liquidity sweep

Gershom_x

The reason for the trade entry was a breakout on the trend line hence a bullish trade.

Gershom_x

The price broke out of the trend line forming a hummer candle stick below it, this was a confirmation for a buy signal since the bulls had over powered the bears and hence the long position.