Good afternoon All!
Welcome to this weeks newsletter.
It’s been a tough couple of weeks in the markets. Lots of volatility in particular relating to EURO pairs after the French elections, the UK is quickly coming to a GE swell. We have also had a slew of inflation data which is showing signs of softening.
In this newsletter I will be focussing solely on the Market Cycles that are the clearest.
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
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.
We notice that we are being served a Gartley BUY Pattern setting up on the 4hr chart, also below. Notice the blue AB=CD. We are waiting for D to complete. This how we enter the trend.
AUD/USD - LOWER
We sit within CZ 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.
NZD/USD - LOWER
Another fantastic clear setup showing us exactly where we sit in the Market Cycle.
Like AUDUSD, we sit in the second CZ expecting lower prices.
We must wait for a Harmonic to form before we can enter the trend, we currently sit in the middle of the zone .
AUD/CHF - HIGHER
We can clearly see that the Market Cycle has completed its three levels lower on the LHS.
We have been building out the Peak LOW formation with three hits to the low.
We have seen the start of a trend developing out of the PFL. Price is currently retesting the top of this PFL. We have seen two pushes higher and the markets work in threes, so we expect higher prices.
Here we see the PFL up closer, and can see the harmonic swing has been completed (dotted line) and has given us two HH, H, which for me is the start of a trend developing. We anticipate a third move up.
We have also seen in the pull back three weeks of drop completed indicating we are ready for a serious rise.
The risk is that we are technically back in the PFL which makes trades a higher risk
Its a generational entry long into the trend.
EUR/CHF - HIGHER
Like AUD/CHF we sit in the same mirror image setup, however EUR/CHF has behaved differently and you can see the distortion in the latest pull back. I can attribute this extra volatility to be due to the French election chaos. What this ultimately means though is the aggressive pullback will act a s a powerful catapult higher, which we are trying to anticipate.
Price has pulled back to test the original break of the structure.
We have seen three weeks of drop completed and are looking for BUY opportunities.
EUR/AUD - HIGHER
We sit within the second CZ expecting higher prices.
We are waiting for the CD leg to properly complete for this harmonic pattern below.
This would meet the entry requirements of a Harmonic pattern in-line with the Market Cycle.
Keep learning, stay motivated, and happy trading! 😄✨
Thanks for reading! 📚👀
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