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stephenjmeli

Harmonic Patterns within Market Cycles.



Good Morning Folks


Welcome to this weeks newsletter.


Its been a while since I last posted a blog update, but here goes.

What I will do is post trades we have identified and how they have subsequently played out.

Let’s get right into into it, reflecting on what we did the week previously and what setups are lining up for the commencing week.


USD/CAD - HIGHER - Bought - Friday July 17th

We sit in L2 CZ in an upward market cycle. 

HTF pattern below

Zooming into this CZ zone, we can see the fractal nature of the methodology showing the same daily pattern within this pattern.


LTF pattern below

We are looking for BUY opportunities in this pair.

NOTICE that what you see below on the smaller TF is the same as what we see in the HTF, this is. Big KEY to understand.


NZD/USD - LOWER - SOLD - July 16th

We sit within CZ Level two expecting lower prices.

This is a fantastic framework to work within as we can identify where we are sitting in the Market Cycle and can see what direction to trade in clearly. We are waiting for a harmonic pattern to setup before we can enter this trade.

Like AUDUSD, we sit in the second CZ expecting lower prices.



AUD/CAD - HIGHER 

This pattern has served us with a trade inline with the Markey Cycle, and one that is counter trend..

Bought - July 11th 

We took the third week of rise having seen two weeks of rise in-line with the Market Cycle.

Sold - July 11th

You can see below that we have completed the iconic Gartley SELL Pattern.

We took this SELL setup after catching the BUY from push 2 - push 3 in blue.


EUR/CAD - HIGHER

Bought - July 8th

We took this pair long based on the Market Cycle.

We can clearly identify that we sit within a Level1 CZ. The main issue is that we are in the middle of the zone which reduces the odds of success. However in trading you do need to be like a detective. You need to look for clues to back up your thinking.

We saw we had seen an internal BOS, followed by HH, HL. This set us up for a third push higher which we took.

BEFORE

AFTER


GBP/CHF - HIGHER

Bough - June 25th

We can identify that we sit in L1 CZ having seen the Market Cycle complete to the downside previously.

We anticipated the move to continue higher after a harmonic swing completed and created a HL for entry.

BEFORE

AFTER


AUD/CHF - Higher

Bought - July 1st.

We identified that the Market Cycle for this pair has completed. We can observe that we sit within the Peak Low and can see that enough clues have been given as to the future direction of this pair.


BEFORE

AFTER

TO FIND OUT MORE OR IF YOU WOULD LIKE TO JOIN OUR TELEGRAM AND YT COMMUNITY PELASE SEE THE LINKS BELOW.

Keep learning, stay motivated, and happy trading! 😄✨

Thanks for reading! 📚👀 


If this type of content piques your interest, come join the MelonsTrade Telegram group, where we regularly discuss setups and refine our skills in spotting these patterns. 🍉💬

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