Trading_Jazz
Long

Completed Monthly Cypher with RSI Bullish divergence ®

FX:AUDUSD   Australian Dollar/U.S. Dollar
FX:AUDUSD            

CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD

Safe Trades;
Comment: slow and steady...
VERY interesting analysis!!!

I assume that we consider this long term idea.

For the time being (I estimate a couple of months ahead)this is what I see:

AUDUSD Break-out performance


Lets wait it out.

I believe both ideas to be right, it is just the timescale difference that makes it awkward to concept.
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Thank you, I am in AUDUSD buy since last week, minus so far. so this is good news for me!
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beautiful. what's your lower timeframe entry? I'm waiting for a deeper retracement. posted a reversal weekly chart. let me know what you think.
cheers and long live jazz.
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Thanks IvanLabrie, i appreciate your comments, and your work too ;).
Eventually on daily and 4 hour charts, but i allways enjoy to keep them all "controlled".
This is a daily chart, editable, so you can add something and paste it here ;) But in fact, after that retracement, that i think can hit the 61.8% could be a nice option...

https://www.tradingview.com/chart/qQ5nMnlg/
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IvanLabrie PRO Trading_Jazz
snapshot


I hope it isn't a triangle...so this isn't a B, and it's a 1-2 instead. But well, both would give a nice long in wave 3 or C.
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IvanLabrie PRO IvanLabrie
You can clearly see 5 waves in my starting point. The structure from the whole decline ended in higher low, this is potentially a truncation, and very bullish.
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nice approach Ivan, im trying my best with elliot waves, learning process, and in fact that point about the time is also important, there's something to read about ;) Thanks
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IvanLabrie PRO Trading_Jazz
That's a neowave application of EW. Not traditional EWI school. I'm a beginner too.
Cheers!
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hello sir ,

ext XA valid?
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Same question.
I dont think the XA valid in this CYPHER.
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