GcNaif
Long

Long on Bullish Cypher (buy entry 0.768x)

FX:AUDUSD   Australian Dollar/U.S. Dollar
1125 37 30
Price has moved back and trading above the last week low. I will be looking to buy this around 0.768x. Trade is based on the completed bullish cypher ( i trade cyphers at C between 1.13-1.41 XAext). Price is slowly reversing from oversold area on stoch and cci . SL and tp's on chart
I am a Chart Slave.Thank you TradingView and @nmike.
i'm still watching this. this setup didn't meet my rule for cypher though :)
Reply
Nice. Glad to see someone seeing the 88.6% as i have. Im in too. RSI divergence.
AUDUSD 88.6
+1 Reply
GcNaif MOD PriceActionTrading
Thanks
+1 Reply
IvanLabrie PRO PriceActionTrading
Same boat, glad we're all in this one. Quick easy money.
+1 Reply
GcNaif MOD IvanLabrie
yeah,thanks Ivan for knowledge sharing
Reply
I dont trade Cyphers, but this one seems to work very well! I am missing out :-)
+1 Reply
GcNaif MOD JasperForex
wow i made it,its not easy to get like from u , lol how r u doing budd
+1 Reply
Hehe you say this every time I like one of your ideas. I am doing good, thanks, I see your last 2 published ideas are both well in profit. Excellent.
Reply
Nice charting and analysis.

Looking at it from different perceptive, the recent decline looks like a retracement of what could be previous move up in expanding leading diagonal. That would suggest that we have important low in place on longer time frame chart or is very close to one.

Several Fib ratios and even possible Fib time ratio could be suggesting an important zone. Here is the chart from yesterday.
snapshot
+1 Reply
It could be potential reversal area with outlook of retesting the 2012 high or make new HH.
Reply
Yes, Dan, glad we that we're on the same page here: