Sunday 24/03/19 Quasimodo pattern is a very reliable reversal pattern in forex. 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
On the 15 minutes chart of SPX500, we can see very clearly the divergence between MACD and the price highs. The divergence on the MACD indicator is not a signal for me to sell, it just tells me that the uptrend we can see on
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
For the long term traders and the swing traders among us, the EURUSD is bearish at the moment, Which means I’ll prefer to look for sell opportunity, It seems the Price on his way to reach 1.0900 zones, The supply above seems like a great
It seems that the DAX index has changed the momentum from bullish to bearish and the price action now on his way to reach the demand below or even the one at The bottom, Also, the MACD indicator seems to be on his negative side
For the swing traders among us, There are 2 critical levels I marked on the chart. The supply above is a great level for sell position, It is also a Quasimodo Level which is a very reliable pattern, The targets for the sell position will
For the long term, as we can see on the daily chart, USD/JPY on his way up toward 0.786 Fibonacci level, That level is also a great fresh supply level, and for Me, the combination of Fibonacci and supply level make it a great level
From the left, we can see the price has just arrived in a great fresh supply level, the first option is to open a sell position at the current price, the second option Is to wait and see if the price will break out 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
For the long terms, the SPX500 index is still in bearish momentum, the price is getting close to hitting the supply above which is a great supply for sell position, if the price will reach That supply I’ll sell there and my final target will
As we can see, the supply level I marked on the USD/JPY chart is a new fresh one, the price drop from that level which indicates on unfilled orders still waiting there, therefore, if the price will That supply I’ll sell there, my final target
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
The USDJPY is after a- 350 pips of a downtrend, as a forex trader I’m a big fan of Supply&Demand levels, I believe that it’s all about supply and demand, the supply above is a great Supply of sell position, it’s also a support resistance
USDCAD is a nice and long bullish momentum at the long term, for now, the CCI indicator is showing divergence on 4H chart, while the price creating higher high, the CCI creates a lower high which indicates that the bullish momentum is losing power, furthermore,
For the intraday forex traders, EUR/USD is on his way to reach 61.8 Fibonacci Level of the down trend yesterday, it’s not only 61.8 Fibonacci level, it’s also a Great supply level for sell position, for now it’s seems the price is struggling to Reach
As we can see on the 4H chart, there is a potential that the price will create a Head & Shoulders pattern, If my prediction that I marked on the chart will come true, we will see the Head & Shoulders pattern up there, the
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
As a swing trader in the forex market, I always prefer to mark the key levels supply & demand before and be ready with a limit orders, the supply above us, is a changing momentum one, this supply start the bearish momentum, I’ll wait for
For the long terms, as we can see on the daily chart, the USOIL is in a strong bearish momentum, I marked the next fresh supply&demand as a critical key level to look for a position, Above us there is a great supply level which
For the long terms, the EURUSD is in a strong bearish momentum, in my opinion, the on his way to reach 1.0750 zones, recently the price created a new fresh supply above, that Supply can be a great continuation level if the price will return
As we can see, EUR/USD has created Quasimodo level above us, for now, it seems the price tends to reach 1.1320 zones. i’ll wait to see if the price will return that supply above before Reaching 1.1320 zones, if that happens i’ll sell at this
After the drop last week in the stock markets all over the world, I choose to analyze the DAX Index, XAU/USD (GOLD), and NZD/USD, I marked a critical key level that can be relevant To look for long terms positions. DAX – As we can see
For the long terms, the SPX500 has reached a new record recently, As always, after a long rally, I’ll prefer to look for sell position, I believe in the simple logic of sell high And buy low, and the SPX500 is definitely in a high
As we can see on daily and weekly charts, the DAX index is bearish at the long terms. For the long terms, I believe the DAX is on his way to reach 10.840 zones, that because it is the next Fresh demand that can stop
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