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RTM

An Example of QMYou've all noticed that I use RTM patterns extensively in my daily trades. Here is another example of QM. As always we have a perfect setup which was confirmed by breaking the last high with a good momentum candle. Upon retracing back to the QML, market bounces off and goes all the way back to hidden FTR. Should there be enough buyers price could continue further up to the 87.80 level which happens to be a supply zone. But there is a important thing here, make sure you check out the news because in couple hours major news will hit the NZD and this whole analysis could go other way around. Stay Tuned for further Education and analysis
by AliHassanzadeh
RTM Pattern Explained In RTM style, One of the power patterns is QM. This pattern is of reversal type and spotting correctly insures highly profitable trades taking place. How to Spot the pattern?? Let's say you are in a down trend , following should happen to have a valid setup. 1. Price makes a LL after making L. 2. Price takes out Last H and Creates HH. 3. if it breaks it strongly your chances are even huge. 4. Mark the L as your entry for long trade. What if you are on a up trend , following should take place to have a valid setup. 1. Price makes HH after making H. 2. Price takes out the last L and creates LL 3. if it breaks it strongly your chances are even huge. 4. Mark the H as your entry for Short trade.
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by AliHassanzadeh
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