XRPUSD How to get highest RR
Quasimodo pattern. A reversal pattern.
Find your QM line. From there find your MPL and you have established you SL.
TP? Inverse QM Of the fakeout.
Why this is fakeout? its a kind of manipulation or market behaviour that can be taken advantages by big traders since you can see the price is quite bullish there. Usually can be seen just under the QML (the blue line).
A fakeout can be 2R 3R or even a diamond pattern. This price action used as confluence for your entry at top.
How do you find the significant Support become resistance or vice versa?
Those who know the basic price structure know the answer.
That would be topic for another post.
Find your QM line. From there find your MPL and you have established you SL.
TP? Inverse QM Of the fakeout.
Why this is fakeout? its a kind of manipulation or market behaviour that can be taken advantages by big traders since you can see the price is quite bullish there. Usually can be seen just under the QML (the blue line).
A fakeout can be 2R 3R or even a diamond pattern. This price action used as confluence for your entry at top.
How do you find the significant Support become resistance or vice versa?
Those who know the basic price structure know the answer.
That would be topic for another post.
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