The Week Ahead - Deep Dive into Harmonics and Market Cycles.

Welcome Folks to this Weeks Newsletter.

We have targeted for the forthcoming weeks opportunities in FX pairs that demonstrate a very clear Market Cycle for us to trade with the trend.

Lets Begin.

USD/CAD

Starting with this pair. This for me is the Rolls Royce of Market Cycles. We were also given a Harmonic Pattern (Gartley Entry) into this pair.

We sit and wait for it to play out now.

Below we can see the Market Cycle playing out with a Z1 and Z2 in the guise of a Harmonic Gartley BUY Pattern.

(We send this trade to our trade signal subscribers on the 22nd April)

GBP/USD

We took a BUY entry on this. This is the second entry for us following the Gartley Pattern that completed on April 22nd.

We also took another entry in this trade, having recognised the 1, 2 setup. (below).

BEFORE

AFTER

(We sent this trade signal to subscribers on the 13th May).

EUR/USD

Like GBP/USD above, EUR/USD sits within CZ1 in the Market Cycle. 

We have been in this when the Gartley Pattern formed below and the market presented us with another opportunity to enter similarly to with GBP/USD.

We can see below the setup developing. We can see the 1 & 2 developing and we anticipate the 3rd push higher.

BEFORE

AFTER

(We sent this trade signal to subscribers on the 13th May).

NZD/USD

This is a Pattern with a clear Market Cycle lower, however the trade was counter trend (CT).

The market cycle is lower and we sit within CZ2 lower.

Within this CZ there is ample room for the market to create a new higher low.

We identified the Gartley Pattern below and took an entry. We took a second entry on the BOS / RETEST.

BEFORE

AFTER

(We sent this trade signal to subscribers on the 13th May).

EUR/GBP

We took a loss on this trade. The setup was consistent with the analysis and we do get the occasional loser.

In hind site, we didn’t have a retest on the 2nd CZ below. We also had 2 weeks of rise. We did have strong UK data which also halted the progress with this one. Another point is that there was no Harmonic pattern to add confluence to the entry.

BEFORE

AFTER

(We sent this trade signal to subscribers on the 13th May).

GOLD

We took a trade on GOLD which is a rarity for us.

Price has been consolidating for a while above the ABCD patterns seen on the daily chart. This consolidation is actually CZ2.

We can see the Market Cycle below looking extremely bullish on the monthly chart (below).

BEFORE

AFTER

(We sent this trade signal to subscribers on the 17th May).

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

Thanks for reading! 📚👀 

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