Long on Bullish Cypher (buy entry 0.768x)

FX:AUDUSD   Australian Dollar/U.S. Dollar
1127 37 31
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.
damn, why this didnt show up when i searched for "cypher"
Mikoxl. PRO genchwan
because it isn't a cypher :P
Chill man Relax , I already told you , i trade Cypher differently ( i am flexible with ratios for C and its working fine for me ) . most important it made pips why dont u see that and appreciate it . Lets move on , Happy trading and green pips to you
yeah... um this pattern is a shark... not a cypher

113 extension for point C and point D terminates at 88.5% (perfectly)
target 1 = 50% retrace of C-D to 0.78728 or an equal leg of the B-C leg which would take us up to 0.79734...for a 5.0 - I'm sad I missed it... =(

the 1.30 extension shown is of the A-B leg not the X-A, as I trade cyphers they have to extend beyond A by at least 127% of X-A not 113%
Exceelent work. Your charts are always sharp and concise
+1 Reply