The Weekly Harmonic Digest

Good Morning good people!!

Welcome to the newsletter!

Following on from a fortnight ago, we have seen many of the themes we purported happening actually materialise.

EUR/NZD

We are consolidating in Level 2 CZ (consolidation) expecting high prices and a third trend higher. We are currently monitoring for any harmonic patterns to develop so that we can enter the market.

EUR/AUD

Like EUR/NZD, this pair sits in L2 CZ with the expectation of higher prices, and the third trend higher. We are waiting for any harmonic patterns to develop allowing us entry into the trend.

Below we can see price is in L2 CZ.

For our trade signal subscribers, we sent signals for this pair on the 29th April off the Grtley formation and the ‘X’.📅✉️

EUR/GBP

We sit currently at the bottom of CZ2. This is where we expect price to rise higher to give us a third trend up.On the second chart we entered this market with a B/R (break / retest) entry. 

For our trade signal subscribers, we sent a buy signal for this pair on the 1st May

USD/CAD

This is a fantastic chart. We can clearly identify WHERE we are in the Market Cycle. We sit in L2 CZ expecting a third trend higher.

Below we can see the formation of the internal pattern on a smaller time frame.

CAD/CHF

This pair has been relatively quiet until last week, when we spotted an entry into the trend higher.

As we know contextually, this pair completed a huge AB=CD pattern

From the below charts we can see the formation of the market cycle developing within this GREEN leg higher.

Finally the enter via a Harmonic and a second vi a a B/R.

For our trade signal subscribers, we sent alerts for this pair on April 23rd. 📅✉️

GBP/CAD

We haven’t traded this one for a while.The reason for doing so was being able to identify contextually where price sits within the Market Cycle;We sit within L1 CZ. Price is making a series of HH, HL within this CZ.

Once able to do that we understand the direction we must trade in we waited for a Harmonic Gartley pattern to develop and took the trade.

For our trade signal subscribers, we sent alerts for this pair on April 22nd. 📅✉️

AUD/CHF

We haven’t traded this pair for a while.

Reason being that we are in a PEAK formation LOW having seen the pattern play out lower. We are totally expecting price to rise from here and we are seeing the tentative but familiar signs the price will start to rise.

We took a B/R entry on this one.Notice price leaving the PEAK LOW, creating HH and HLs.

For our trade signal subscribers, we sent alerts for this pair on April 23rd. 📅✉️

GBP/AUD

This is a pair that is currently very enticing,Contextually we can identify where we sit within the Market Cycle. We sit within L2 CZ, and notice the HH, HL structure.

We have also been presented with a Harmonic Gartley BUY pattern.

For our trade signal subscribers, we sent alerts for this pair on May 3rd 📅✉️

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. 🍉💬

Together, we can piece together the key components to pick high-probability trades. 🧩📈

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