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;
Training Sessions:
Mentor @ http://www.uvesty.com/mentorings/34-andre-pinto-cardoso

Educational Videos: https://youtu.be/0adc-hwvmQM

(for 1-1 mentorship - just whisper me at Skype Trading Jazz)
korhancakir
a year ago
hello sir ,

ext XA valid?
Reply
FUNTRADER-Vera korhancakir
a year ago
Same question.
I dont think the XA valid in this CYPHER.
Reply
Trading_Jazz FUNTRADER-Vera
a year ago
Can i ask you why? :)
Reply
korhancakir Trading_Jazz
a year ago
because there are candles closed above 1.414

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korhancakir korhancakir
a year ago
snapshot
Reply
Trading_Jazz korhancakir
a year ago
You mean B to C leg?

Yes, but if you expect to find only situations where the price hit the ratios with nails, you will never trade those patterns, and dispite that fact, as you can confirm, the price as fall around the 141% extension.
Try to find "zones", "price levels" and not exact Prices ;) (monthly charts can be tricky, because that difference you are talking about can produce hundreds of pips of difference), but this is my view and i dont trade monthly charts obviously, these serve to have a bigger idea.
I understand your "worries", but again, im not searching for exact prices, but zones where the price can reverse ;) Eventually. IF=THEN ®

Have Nice trades;
Reply
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.
Reply
Trading_Jazz IvanLabrie
a year ago
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 TOP Trading_Jazz
a year ago
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.
Reply
IvanLabrie TOP IvanLabrie
a year ago
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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Trading_Jazz IvanLabrie
a year ago
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
Reply
IvanLabrie TOP Trading_Jazz
a year ago
That's a neowave application of EW. Not traditional EWI school. I'm a beginner too.
Cheers!
Reply
JustTrend
a year ago
Thank you, I am in AUDUSD buy since last week, minus so far. so this is good news for me!
Reply
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