The Week Ahead - Where are we in the Market Cycle and what Trades to consider.

Welcome to the Newsletter.

Following the theme from last week

We took long positions on EUR/CHF to complete the third cycle higher;

BEFORE

AFTER

We now expect EUR/CHF to SELL off on the back of it completing a Gartley SELL Pattern. This will create higher low on the higher time frame.

CAD/CHF

We have an opportunity to enter this pair in-line with the Market Cycle.

The High Time Fram (HTF) chart shows us the completed AB=CD which sets up higher prices (below)

On the lower time (below) we can see the market in the Second Cycle higher. It is here we are looking for an opportunity to buy into the trend.1,2……3!

EUR/NZD

EUR/NZD has played out beautifully, moving away from Market Cycle 2 into the third trend. (Below)

We then see a BULLISH Harmonic Gartley Pattern develop in the 1hr chart which provided the entry into the trend.

BEFORE

AFTER

See how price has started to move away from the pattern completion point in-line with the trend.

AUD/USD

We still expect this pair to sell off inline with the Market Cycle. We currently sit in the Second Cycle lower, and can see Lower Lows and Lower Highs in price.

We will be monitoring this pair for an entry into the trend.

USD/CAD

This is one of the best setups IMO. Clear position in the Second Market cycle higher. Notice the red AB=CD pattern at the lows of Market Cycle 2. Currently we sit on the 50ema which is a targeted entry for the Second Market cycle.

See price shaping up for a third move higher.

Thanks for reading.

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Thanks

Melons