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 […]
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 the […]
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 XAUUSD 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 […]
