I'm calling it a week, here's the week summery.
Next week I will try to increase my watching list to 12 pairs as I only analysed the following:
EURUSD,EURAUD,EURJPY,AUDUSD,NZDUSD,USDJPY
Enjoy your weekend & holiday.

IchiMohu a écrit:EURJPY
On 1W TF, Price is trading inside the cloud with strong bullish momentum, pivotal point @ 121.70/121.50, signs of continuation of the corrective bullish wave still strong, pointing to retest to the 1W downtrend @124.5 and possibly 125.
On 1D TF, strong bullish setup with HH & HL, price rejected form 122.61 next supp @ 120.33, there's a room for a bearish correction a possibly retesting the uptrend & supp @ 120.33.
On the 4H TF, price heading directly to SSB after it got rejected from a double Resis level @ 122.3/122.2, yet the price started to consolidate @ a Resis level! 121.54, next Supp @ 121.3, there's a possibility of continuation of the bearish drop.
On the 1H TF, price just broke out of the cloud, imitation of bearish setup and possibly going to test the lower range of current wave. there's a room for minor upward movement prior to the continuation.
Possible trades
- Short order @ 121.66 targeting 121.3 and possibly 120.3 if it showed the required momentum, SL above 122.0.
- Scalping with long targeting my entry, once 5M/15M TFs shows reversal signs, not gonna post a chart for this one.

IchiMohu a écrit:Short position hit TP with +43pips, Long activated .. watching how it gonna react from here.

IchiMohu a écrit: Sorry it seems I forgot to update this trade, as I just posted in my personal journal and not here.
Scalping long gave +13pips, and short position got activated from 121.66, so far +41pips and still running.


Triades a écrit:Hi Ichimohu,
Who is your broker or trading platform?
My h1 time frame is different than you.
Have a nice day

IchiMohu a écrit:+24 pips, entry became a Supp so I'm moving my SL to entry and holding for my TP.

IchiMohu a écrit:IchiMohu a écrit:Short position hit TP with +43pips, Long activated .. watching how it gonna react from here.
Updating this trading, since I'm holding it from last week.
EURUSD
On 1W TF, trading inside the cloud above weekly KS & Supp @ 1.107 with the price make HH & HL, price trading @ the middle ranges of current wave range and forming Cup and handle pattern targeting 1.1460 vs Double top targeting 1.094.
- So 1W shows possibility of continuation of the bullish wave, targeting @ 1.1224 and possibly more.
On 1D TF, interestingly price rejected from pivotal point 1.1168 which rejected the price multiple times previously, price now @ a triple supp area 1.106/1.104/1.102, the cloud point for possibility of break for higher target, with the next major Resis @ 1.111/1.117/1.122 (like 1W TF), Important to keep in mind that 2 weeks ago M pattern started to form and its targeting 1.093 (weekly double top TP!).
- So 1D might have a breaking and continuation of the bullish wave targeting 1.122 areas, or a minor bullish wave till 1.111 and from there it will change its direction targeting 1.093.
On the 4H TF, price trading outside the cloud with bearish setup after it break an uptrend, pivotal point formed @ 1.1085/ 1.104/1.102 (Daily areas!), it has a near Supp @ 1.1060
- So on 4H it has a possibility of bullish wave targeting a retest to 1.112 and from there it might, 1) Continuation of the down trend targeting 1.104/1.102/1.097, 2) breaking out of the Resis confirms this is was just a correction and repositioning move, and continuation of the bullish wave from last week targeting 1.114/1.118/1.125.
On the 1H TF, strong bearish setup, multiple Supp @ 1.106/1.105/1.104, price drooped due to breaking to the 1H trading range 1.1109.
Possible trades:
- Closing my current long position @ entry with market opening.
- [Risky] Start with Short @ 1.1081, targeting 1.1054/1.1040, SL 1.1098.
- Long position @ 1.1054, TP 1.116/1.122, SL below 1.1005.


abfx a écrit:Hi Ichimoku, I don't answer you because my english isn't good enough, but congratulation for your results that seems really excellent.

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