Welcome to this weeks edition.
Please accept my apologies for the late sending of this email. I've had an important family update where my Family has grown from 4 to 5 of us, so haven't really had a chance to document what i'm seeing on the charts, but here goes...
Last week we saw a continuation higher in the pairs that displayed the best behaviour structurally, allowing us to easily identify where we were located contextually within the Market Cycle. Once we can clearly identify our location in the cycle we then use Harmonic Patterns to enter.
USD/CAD
This one is primed to move higher.
We see price is currently in the Second Market Cycle pointing toward higher prices.
Potential Macro drivers would be Jerome Powell speaking about interest rates on Thursday. This will certainly move the US Dollar.
EURAUD
A beautiful example of the methodology in its full glory.
We are clearly in Market Cycle 2 and expect higher prices to come.
EUR/NZD
Another brilliant example of the methodology showing us context of where price currently sits and is headed.
Again we sit in Market Cycle 2 expecting higher prices.
BEFORE
AFTER
EUR/GBP
We can see clearly that we have 2 Market Cycles up and currently sit at the lows of the Second Cycle expecting higher. We have identified an AB=CD pattern which created the entry.
AUD/CAD
The first chart shows the context of where price is in the Market Cycle. This is a nice setup, in-line with the prevailing trend. The second chart shows a lower time frame with a Market Cycle 1 up. The entry was the Harmonic Gartley BUY pattern We expect higher prices and got higher prices.
BEFORE
AFTER
GOLD
We are sat in Market cycle 2 expecting higher prices. We can see two pushes higher so far and currently making the third higher.
CAD/CHF
This has completed a generational AB=CD pattern which has taken a few years to complete. In addition we can see the hallmarks of a cycle pushing up. We currently sit in Market Cycle 2 and expect a third.
DEVELOPING
NZD/CAD
A great example of the Market cycle in its full glory. This one is a little difficult to see but the first Market cycle is in the form of a big TFR and an AB=CD pattern. We can see higher highs developing after the break of structure.
Below we can see the Second Market cycle higher expecting a third trend up.
GBP/AUD
A great example of the price showing proper behaviour! We see price located in the Second Market Cycle higher having traded off the target entry.
AUD/USD
This pair is known as the temptress!! It looks amazing, clearly showing us the Second market cycle lower. We can also see within the cycle Lower lows and Lower highs which are the hallmarks of a trend starting. We saw GDP numbers inline and inflation data falling recently which backs up our trade.
NZD/USD
Like AUD/USD above we are also in the Second market cycle lower. Similarly we are seeing Lower slows and Lower Highs, we saw weaker interest rate projections from then along with inflation expectations.
Thanks for reading!
That’s all for now!
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