Blog  quasimodo

October 3, 2019 | 12:57

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 […]

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September 19, 2019 | 09:45

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 […]

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September 11, 2019 | 09:51

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 […]

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June 19, 2019 | 12:27

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 […]

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May 2, 2019 | 12:45

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 […]

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April 4, 2019 | 08:33

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 […]

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March 14, 2019 | 17:40

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 […]

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February 8, 2019 | 13:02

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 […]

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January 22, 2019 | 14:01

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 […]

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December 27, 2018 | 12:16

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 […]

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