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.
AJ47
2 years ago
i'm still watching this. this setup didn't meet my rule for cypher though :)
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Nice. Glad to see someone seeing the 88.6% as i have. Im in too. RSI divergence.
AUDUSD 88.6
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GcNaif MOD PriceActionTrading
2 years ago
Thanks
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IvanLabrie PRO PriceActionTrading
2 years ago
Same boat, glad we're all in this one. Quick easy money.
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GcNaif MOD IvanLabrie
2 years ago
yeah,thanks Ivan for knowledge sharing
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I dont trade Cyphers, but this one seems to work very well! I am missing out :-)
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GcNaif MOD JasperForex
2 years ago
wow i made it,its not easy to get like from u , lol how r u doing budd
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JasperForex PRO GcNaif
2 years ago
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.
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DanV MOD
2 years ago
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
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DanV MOD DanV
2 years ago
It could be potential reversal area with outlook of retesting the 2012 high or make new HH.
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IvanLabrie PRO DanV
2 years ago
Yes, Dan, glad we that we're on the same page here:

AUDUSD: Neutral but potentially due for a long trade
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DanV MOD IvanLabrie
2 years ago
Thanks. That is what I meant as expanding leading diagonal on smaller time frame. Very similar for Gold too. So there could be major change in development here.
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GcNaif MOD DanV
2 years ago
Thank you so much Dan
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that doesnt meet the cypher rules..unless im missing something...how you measuring your extension level...from what I see that doesn't touch the 127.2% extension.