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Quasimodo Short Signal Pattern Examples:. Another example of the Quasimodo Short pattern example is given below:. As we can see from the above, the Quasimodo or Over and Under pattern is a relatively simple pattern, which when used in conjunction with other trading strategies or signals offers a great way to increase the probability of a trade set up.

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Newest Forex EA, Systems. Social Networks. In the case of the bearish Quasimodo pattern, we open a short position when the price reverses downwards for the third time at the third shoulder. When there is a bullish Quasimodo pattern, we take the same steps but in mirrored fashion—we open a long position at the third low. If you are new to trading or still relatively unfamiliar with the way QA looks in the chart, you can use the Quasimodo pattern indicator to help you out.

It is not included in the standard set of MetaTrader 4 tools and needs to be additionally installed.

Make sure to use it only as a cue. Otherwise, you should be able to find the right entry point and levels to set your stop orders on your own. How to trade quasimodo chart pattern.

Contents: 1. How to recognize the Quasimodo forex pattern: 1. It is typically in the ascending bearish Quasimodo or descending bullish Quasimodo trend.

Stop loss must be placed behind the previous extremum. The nominal neckline will serve as a target for the trade.

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