Price came to the level that i was expecting from the first analysis. Price came to complete the right shoulder of the QMR pattern. But also price created some sort of manipulations like trendlines liquidity and Fake out zone hich give me more confidence to go long. I will be waiting for any reversal pattern in lower TF.
An opportunity to sell corrective move of AUDCAD. The entry will be at the QMM (Quasimodo Manipulation) setup level. the level correlates with the formation of DBD (Drop Base Drop) which will be my entry. taking into consideration price momentum.
After catching a sell trade on this pair, now price is heading to the Demand zone which corelates with formation of Right shoulder of the QM (Quasimodo) in the HTF. I will be waiting to spot a reversal pattern at the demand before execution.
After couple of trades (Selling and Buying trades), now I am waiting for price to reach the resistance level where I might have an Opportunity to go short. the created resistance correlate with the Asian High point, which has DBD above it, not only that but also the Base (DBD) is in the same line SSR (Significant support and resistance). I will take into...
Waiting for price to return to the Origin of the down move which correlate to formation of QM continuation. I will take into consideration price momentum.
Price is likely to complete the Higher TF QM reversal for buying opportunity. By doing so, it has broken the Lower TF Higher Low, which i am expecting for price to test the Distribution phase and the Supply zone which was responsible for break of structure.
