Gold Price (XAU/USD) – Fighting to Hold on to SupportThursday - 7 April 2022
Weekly Profile: Consolidation
Sell XAU/USD @ 1931.65; TP1 = 1916.31, TP2 = 1910.27, TP3 = 1903.72
Buy XAU/USD @ 1897.64; TP1 = 1909.81, TP2 = 1921.98, TP3 = 1929.44
Quasimodo
BTC made Lower High and ZIL is making QuasimodoI compare ZIL with BTC. Zil jumped so high when BTC was moving positively. It seems now ZIL smart money will distribute. The distribution phase will happen. If you see the volume, you will realize the decreasing of the volume.
If you see, the BTC failed to make Higher high. However, after the price bumped the demand zone, the price rise again.
It happened to the ZIL too, the price goes to the nearer demand zone and will rise again.
So when ZIL joined the rising of BTC, both BTC and ZIL will soon bump the suplpy zone; the top.
I project the price of ZIL will make quasimodo pattern. So I wait in the left shoulder.
Consolidation between Supply and DemandAt the point A, the imbalance happened from the base (equilibrium). The price shot high quickly to the point B. After that the price retrace to the point C. The price rose again and broke the swing high of the B. and make the higher high. After that the price got down and broke the low of C.
The price dropped slower than the rally of A. So the projection of the drop is to the point of D where the demand zone lies. After that, the price will rise (at least) to the level of B creating pattern Quasimodo.
For your information, Quasiomodo is like head and shoulders but with an additional requirement of left shoulder. The left shoulder should get down and break the low of the right shoulder.
Gold Significant Support + QML Support and resistance are used to identify key levels where the trend in price has a greater probability of halting and possibly changing direction. It can be a specific price, or price area. Interpretation of the degree of significance of a level depends on a trader's
QML means quasimodo level or quasimodo line. Basically, it is a level drawn at the tip of the left shoulder of the Quasimodo pattern.
EURNZDHello Traders..
here we just wait for the price to touch or enter the supply zone using price action as confirmation...
Thanks..
Qm SELL : AliceusdtpIn this trading plan, I have applied the QM Pattern because, as observed from the period through Aliceusdtp, the chart was moving in a bullish trend and during the passage there was a lot of selling pressure, causing LL.
Thus, it enters the Quasimodo Pattern on the Sell side.
By placing the entry point at Entry 1: 68.1 Fibonacci and the position of Profit 1: is the original low and Take Profit 2 is the new lower low.
Good luck everyone in trading.
And this is not investment advice. It's just a market analysis.
nzdcad forex trading I see quite good potential for nzd cad with a clear upside potential towards 0.86996 and can form a fakeout and continue the decline in the supply area of 0.87416
Quasimodo Double Cheeters PatternQuasimodo Double Cheeters Pattern Formed in Reliance
wait whenever price comes in range and see the reaction....
EURAUD GOING DOWN ?Already seen the price action just wait for bearish engulfing before entering this trade :)
EURAUD GOING DOWN ? Already seen the price action just wait for bearish engulfing on the zone before entering this trade :)
Gold Forecast Quasimodo + SMC Quasimodo found on 15m for gold if you are not familiar with this pattern its basically an advanced head and shoulders another term is over under pattern smart money concept confluence is price would be aligning with my qml entry which is also in line with the order block zone i highlighted in red clearing all internal liquidity before projected take off back towards 2060
AUDJPYHello Traders :))
here we are just waiting when the price has penetrated the last resistance area and the price touches the MPL area or supply area , as a confirmation I use price action as a reference for entry in the market.. thanks :))
thank you for visiting and if you like it please press the like button here I really appreciate it.. :))
AUDCADHello Tradersss :))
here we are just waiting for the price to touch the supply area at 0.92818 and I personally use price action as confirmation and don't forget to take care of your money management..:))
thank you for visiting and if you like it please press the like button here I really appreciate it.. :))
RTM pattern quasimodo xauusdhi guys
ive think that quasimodo pattern has created on xauusd in 15m chart
and we have two way to get position sell
1) we get short on down line triangle qml and sl will be upper line of mpl triangle + spread
2) we also can get short on down line triangle mpl and sl will be upper line of mpl triangle + spread
in both we can get profit risk/reward 1/3 or we can get profit in price that i shown
what do you think ?
OANDA:XAUUSD
Quasimodo PatternQuasimodo is the most advanced chart pattern that is used to predict the market trend reversals.
Potential Quasimodo SetupThe price changed its direction from downtrend to uptrend. However the price bumped the strong supply so it goes down to take more orders to continue bullish. So the maximum pain level that the price to get down is in the quasimodo level. If the price breaks out the lowest swing, the price will resume its previous bearish.
USDCAD, Quasimodo Pattern Bearish(QM), D1A bearish pattern seems to be happening.
The pair is completing the Quasimodo pattern.
GOLD Uptrend Friend Was Bent! 27/Jan/22Gold Price have Broken 1834.72 which is the low of wave E (Red) of triangle. Confirmed Trend Reversal. Short at around 1840 which is the "peak" of the volume profile + Quasimodo level.
GBPJPY analysis today, scalping in US sessionWe're holding short positions so, here's just scalping idea.
Let's wait and see how the price reacts at these levels and plan accordingly.
We need a strong reversal structure to confirma before enter long positions.
If you find the article useful or interesting,
Let's comment below !
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Attention about this GBPJPY analysis
This is my personal idea and analysis only.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
GBPJPY SHORT TERM #3 (SELL)I'm planning to buy now and TP around 156.170 then sell until 155.220. SL around yellow line or a bit more.
POSIBLE BUY SETUP (LONG)POSIBLE QUASIMODO PATTERN
I'm closing my shorts and trying to go long. If the price breaks the head level price I'll look for new entry level and will be aiming for my previous TP levels.
