Forex Blog |  Quasimodo Forex Pattern

The Quasimodo Forex Trading Strategy Welcome to The 5%ers forex trading strategy video. This video demonstrates a trading strategy called the Quasimodo Pattern. Quasimodo is not one of the most popular patterns among forex traders but definitely one of the most reliable and powerful pattern to trade. it’s a reversal pattern that provides a great Risk […]

  Welcome to The 5%ers weekly forex analysis webinar. supply and demand forex strategy This webinar will demonstrate how to read the market with a deep understanding of the price movement and how to trade with naked charts. In this forex analysis video, we analyzed all majors pairs, EUR/USD, GBP/USD, CHF/JPY, USOIL. using Supply and […]

  In this post, we will discuss five powerful and reliable reversal patterns in the forex market. Generally, reversal patterns provide a great Risk-Reward ratio potential. We will learn how to identify each one of them and how to trade by using these patterns.   what is Reversal Patterns Reversal patterns provide a great Risk-Reward ratio potential. […]

A Confluence of MACD Divergence and Quasimodo Level. Sunday  27/10/2019 BTC/USD price has formed a significant recovery at the end of the past week and creates a new fresh demand level. For the first time since September BTC/USD price back to test the 10K zones. In two days Bitcoin has jump up from $7400 up […]

XAU/USD is Between Two Quasimodo Levels. Thursday 03/10/2019 As we can see in the H4 time frame chart, the XAU/USD is bearish for swing forex traders. The price now is just between two Quasimodo levels. Quasimodo is one of the most powerful reversal pattern in the forex market. It usually shows up after an uptrend […]

Change the Momentum or Only a Technical correction? Thursday  19/09/2019 The USD/JPY is still considered in bullish momentum. We can see the significant MACD divergence which lasts all the recent uptrend. While during this uptrend the price creates a few higher highs the MACD indicator creates a lower high. This divergence indicates a weakness of […]

Price Action Analysis For BTC/USD. Wednesday  11/09/2019 The Quasimodo pattern is a powerful one in the forex market and it is a very easy formation to spot. It’s considered a reversal pattern and therefore, we will look for it after a significant trend. The Quasimodo pattern is a signal for reversal opportunity, it indicates the […]

Serious Confluence Indicates – GBP/JPY going for a Technical Correction Wednesday  19/06/2019 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. Today, this GBP/JPY pair is in a downtrend of almost 1000 pips and […]

Thursday  02/05/2019 Yesterday, the EUR/USD was dropped down from about 70 pips in about 10 minutes, This creates a new and fresh supply for day trade above, which is also a Quasimodo level pattern, after a few higher -lows, the price creates a new lower-low with one sharp move down. That supply is a great […]

A confluence of Fresh Supply and MACD Divergence Thursday 04/04/2019 First, SPX500 just arrived at the supply level, a great level to sell SPX500. Last time the price reach that level was in October 2018, That level is the record for SPX500 and the price drop from that level, Also, we can see a very […]

14/03/19 For the long term traders, I marked the supply above as a great Quasimodo level for sell position on SPX500, The situation of high, low, higher high, and then lower low Creates the Quasimodo pattern which considers as a very reliable pattern, I’ll sell at the supply level above and my target will be […]

As we can see in the attached picture, the DAX index drop down from the last high and create a lower low in one movement, that drop created a new fresh supply above which is the Quasimodo level, I’ll wait for the price to return back that supply and I’ll sell there, my target for […]

The 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 […]

The XAU/USD has a drop of  13$ yesterday, this drop created a fresh new supply above, this supply level also creates a Quasimodo pattern which considers as a very reliable one Among forex traders, the drop from yesterday also changed the short term momentum from bullish to bearish and it seems the price now tends to reach the demand below, I’ll wait for […]

First, i would like to mention that all GBP pairs are still under the impact of the Brexit issue and can be more risky than other pairs As we can see on the chart i attached, there is a great demand below us, this demand brokeout the  last high of the downtrend from the left […]

As 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 […]

For the short terms, the GBPJPY has just changed his momentum to bullish. The price did it with a pattern called Quasimodo, the demand below is the Quasimodo level and it’s a great one for buy position, the target for this position will be the supply above, Which is also a  great level for sell […]

Those are the next critical Supply&Demand for USDCAD. It seems that both levels holding many unfilled orders, those orders are waiting for the price to come back, the demand below seems like a pattern called Quasimodo, if the price will back to that demand I’ll buy there, my target will be the supply above which […]

For the intraday terms the GOLD seems to be bullish, As it looks the price tends to reach the resistance above, If the price retrace the demand below before reaches the resistance, It will be a great opportunity for buy position with the resistance above. As a target, the demand below is also Quasimodo level, usually, […]

The last drop at the EUR/JPY has created a great supply above, this supply seems like a Quasimodo level pattern also since it brakes down the last low, I’ll wait for the price to come back this supply and I’ll sell there, my target will be the support below, Quasimodo levels usually are very strong levels […]

Those are the key levels for EUR/USD, 1 – The supply above is a great level of sell position, if the price will back tothis supply I’ll sell there. my first target will be the support below, and the final target is the demand at the bottom. 2 – If the price will break the […]

There are two levels of intraday positions at the EUR/JPY, there is a fresh supply above us and fresh demand below, both levels are Quasimodo levels, I’ll sell at the supply above and buy at the demand below. Our Tradingview Channel: https://www.tradingview.com/chart/EURJPY/HFneMgbE-Quasimodo-Levels-EURJPY-20-03-18/

The supply above us is a great Quasimodo level, since the price broke the last low from the recent uptrend there is a high probability the price now tends to reach the demand at the bottom, i’ll sell at the supply above. My first target will be the demand below, and final target is the demand […]

The new fresh supply above in EUR/JPY is also a Quasimodo level, Quasimodo is very powerful reversal pattern, if the price will retrace this level I’ll sell there, my first target will be the demand below, and the final target is the demand at the bottom. Our Tradingview Channel: https://www.tradingview.com/chart/EURJPY/v9li5cBG-Quasimodo-Level-EURJPY-16-01-2018/