Bullish Cypher & Elliot waves structure on EUR/AUD

FX:EURAUD   Euro / Australian Dollar
283 4
Nice set-up with low risk entry

Risk: 0,2%

Reward: 4.18%

R/R ratio: 20,91
Hello Dojitrader,

The ABCD labelling is from the Harmonic pattern (Cypher who is now a Shark),

The elliott waves count is combined with it,

happy trading ;)

dojitrader Trading_an_Edge
Of Course !!!
I guess 2 cups of coffee wasn't enough this morning ~~~~~~~
Good Luck !
Wondering -----
Is your Wave labeling a proprietary use of Elliottwave ?
And if so, can you give a brief description, etc. /
I do not know of a situation where a 3rd wave can also be an A wave -
a 4th also a B and a 5th also a C in the classic EW rules and guidelines.
Thanks for your thoughts !!!!
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