What is a QML and How To Trade a QML
A QML is a reversal pattern that is created after a significant move in the market. Price will retrace back to fill the liquidity void. our main focus is a QML with FTR and Liquidity void for high probability trading.
we have placed valuable content in the form of videos. and examples from previous QML Trading setups, to help you understand what is QML and how To trade QML.QML is also called Quasimodo which is a cartoon character.
TYPES OF QML(Quasimodo)
1. BEARISH QML
A bearish qml is a structure that has a lower and a lower low created before price rally up and takes out the previous recent high, forming a new higher high than repricing lower to retest the previous low that was violated when price was forming a lower low.
HERE IS AN EXAMPLE:
A bullish qml is a structure that has a high and a higher high created before price decline and takes out the previous recent low, forming a new lower low than reprice higher to retest the previous high that was violated when price was forming a higher high.
HERE ARE EXAMPLES:
…………
In a bearish Qml target previously violated high when price was forming higher high and use as an entry point for a sell setup.
In a bullish Qml target previously violated low when price was forming lower low and use it as an entry point for a buy setup.
Read more: Content
instagram : GhostTraders
Originally published at https://ghosttraders.co.za on May 20, 2021.