The Week Ahead
Dear Subscribers, welcome to this weeks edition of the Week Ahead, without further delay let's take a dive into the Market Cycles and their Harmonic Patterns they contain.
Our projections have been solid recently, from a top level summary, we have seen movement in the EUR/AUD, EUR/NZD with further upside seen as we enter the third trend higher in both pairs.
We also have seen a particular concerted move against the CHF, with the same pattern visible in all CHF markets. Many pairs against the CHF are in their PEAK LOW formations, so it is extremely early and high risk entries found here. A key characteristic of the PEAK LOW is that Market-Makers trad ether market both ways and typically technical analysis at these levels are invalidated, leaving the retail trader left tinkering with their methods or bolting on another lagging indicator to try to predict the next 1min cancde stick.
We also take note of a move developing int eh JPY pairs from the PEAK HIGH. This coincides with the BOJ speaking about ending negative interest rates. Expect a strong Yen.
That’s where we differ. Our aim is to enter markets when we can recognise the behaviour or the Market Markers. We look for structure and believe in the power of 3. I won’t preach about it as many simply disregard the simplicity of it, but you do need to have an open mind and start to accept that there is a predictable pattern that shows in all markets on all time frames.
I digress…..
USD/CAD
We haven’t seen much development in this pair over the past week. We are in the second zone of consolidation higher at the moments nd we are looking for entries ‘long’ in-line with the market cycle.
EUR/AUD
This is a wonderful setup. We are in the second zone of consolidation within the market cycle and expect higher prices.
Notice the price bouncing of the targeted EMA.
We also see within the second zone of consolidation the market making higher highs and higher lows.
EUR/NZD
Another wonderful setup. We are in the second zone of consolidation within the market cycle.
We have broken structure and await HH and HL structure.
USD/CHF
Having seen a reaction from a number of AB=CD harmonic patterns earlier this year, we now find ourself in a tempting situation to consider longs again , and in particular weakness in CHF which is a theme.
BEFORE
AFTER
AUD/CHF
We are in a PEAK LOW formation with this pair.
This is an aggressive area to consider longs, however if this is the PL then we can expect a move higher that will last for the next few years, as per the market cycle projections. That’s why it’s worth considering trades like theist be able to ride them for a long time.
Notice the way 3 plays out in this chart.
Notice the 3 equal length BLUE diagonal segments lower, as they link the LL, Las to form the 1,2,3 in red.
Notice the 1,2,3 within the last BLUE diagonal, this is the 3 in 1 feature which is a way of understanding the fractal nature of the markets.
EUR/USD
We took a harmonic entry into this pair. We can clearly see the that we ar win the first zone of consolidation within the market cycle. We expect higher prices. On the Lowe trim frames, the market offered an opportunity to enter the trend, as we can recognise the fractal nature of markets and wee the 1-2-3 playing out. We are taking the 2 -3 of this sequence…..
NZD/CAD
This is one for the gallery. Such a nice enticing pattern to buy into.
We can recognise that we currently sit within the sec-first zone of consolidation within the market cycle.
We can see that this first zone of consolidation was in the guise of a AB=CD Gartley Pattern.
We can see a break of the internal structure and we expect higher prices.
We can currently see a BULLISH Gartley BUY Pattern setting us up for a trade inline with the Market Cycle.
AUD/USD
Wonderful pattern again. We entered this trade with a Gartley Sell pattern within the second zone of consolidation. This was one we were stalking for a while, having entered the sister pair NZD/USD a week earlier.
Thanks for reading!
Trade Safe!
MelonsTrade!!
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