Journal de IchiMohu

[IchiMohu]

AUDJPY

1W: Full and strong bearish setup, with descending cloud, price below all components, at the lower border of the 1W down channel, price at double Supp at 67.0 to 67.5, CS broke below the bearish channel, next PP and Supp at 63.8.
Price might:
1) Rejected from the LBDC and double Supp back to retest 71.8 and possibly the upper border of the down channel at 75.4.
2) Continuation of the bearish after a retest to the previous Resis at 68.24, targeting next PP and Supp at 63.8.

1D: Full bearish setup, with descending cloud, price broke the 1D down channel, and rejected from double Supp at 64.1 & 64.1, previous Resis at 68.0 along the LBDC, we broke the 1D trading range and there's possibly more down impulse.
Price might:
1) Continuation of the bearish wave down to the next Supp and PP at 62.6 to 61.8, probably after a rejection from the previous Resis and LBDC 68.0.
2) Close inside the down channel again, followed by bullish wave targeting the UBDC and triple Resis area at 72.5 to 73.5.

4H: Full bullish setup, with thick descending cloud, price trading below the 4H down channel, no near by Supp or Resis, SSA about to test the LBDC and possibly reject from there.
Price might:
1) Continuation of the bearish wave down targeting 1D and 1W TPs, possibly after a retest to the 4H KS and LBDC at 67.9 (1D Resis and LBDC)!
2) Closing inside the down channel, followed by bullish wave targeting the UBDC and next Resis at 69.4.

1H: Full bullish setup, thick ascending cloud, with flat SSB, price trading below 1H down channel, with possible formation of new trading range, current SSB at 67.9 (4H KS and LBDC)!
Price might:
1) Continuation of the bearish wave down targeting 1D and 1W TPs, possibly after a retest to the 4H KS and LBDC at 67.9 (1D Resis and LBDC)!
2) bullish wave targeting the SSB and Resis at 67.9 for a formation of the new trading range.

Possible trades:
- Long, if the 30M/15M SSA break above 67.32, TP 67.9/68.2/69.40, SL below 66.35.
- Short, if the 30M/15M SSA break below 66.49, TP 65.8/64.5/62.6, SL above 67.5.

AUDJPY Update - 2nd TP with +117 pips, moving SL to entry and holding for my 3rd TP.

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[IchiMohu]

AUDCAD

1W: Full and strong bearish setup, with thick descending cloud, price above bearish KS, CS is free after it broke back into the bearish channel, price at double Resis level 0.8927 & 0.8888 after it got rejected from triple Supp area 0.8669 & 0.8753 & 0.8818 along with the lower border of two 1W bearish channel.
Price might:
1) Continue upward movement up to test the 1st upper limited of the 1W down channel, and the CS testing previous KS and price at 0.9020 level.
2) Continuation of the bearish wave from these area ( Double Resis) to test the 1W pivotal point at 0.848.

1D: Full bearish setup, with flat SSB price just broke the 1D down channel, meanwhile CS trading inside the channel with KS and price above it at 0.895 to 0.897, price at double Supp area at 0.890 & 0.8924, previous Resis at 0.8895 with PP at 0.8850, major Resis area at the 1D SSB at 0.8995 to 0.9040.
Price might:
1) Continuation of the correction, to retest the major Resis area 0.8995 to 0.904 (1W previous KS and price level)!.
2) faking the breakout and drop once CS retested 1D previous KS and price at 0.895 to 0.897, to trade inside the 1D down channel again targeting double Supp at 0.858.

4H: Full bullish setup, with thick ascending cloud, price trading at the upper limit of a 4H bullish channel, after it breakout from a major 4H down channel, price at a multiple PP 0.891 to 0.897, double Resis at the current cloud SSB 0.878, with multiple Resis @ 0.879 to 0.8865.
Price might:
1) Continuation of the bullish impulse after a retest to the lower border of the 4H bullish channel, targeting double Resis at 0.896.
2) drop from these level at it might be the upper trading range for the 4H TF, followed by continuation of the major bearish wave targeting 0.862.

1H: Full bullish setup, thick ascending cloud, price trading at the upper limits of 2 1H bullish channels, price at a multiple PP 0.890 to 0.894 with double Resis at 0.900. 1H started to show signs of weakness once we approached the previous 1H trading range.
Price might:
1) Continuation of the bullish channel if we break into the previous trading range to retest the double Resis area at 0.90.
2) Drop from these levels to retest Supp or the lower limits of the 1H bullish channel around 0.880 to 0.875.

Possible trades:
- Long, if the 30M/15M SSA break above 0.8913, TP 0.894/0.896/0.90, SL below 0.8875.
- Short, if the 30M/15M SSA break below 0.8886, TP 0.885/0.881/0.878, SL above 0.8930.

AUDCAD - new trade setup using the same analysis.
Possible trades:
- Long, if the 30M/15M SSA break above 0.9028, TP 0.908/0.914/0.922, SL below 0.8970.
- Short, if the 30M/15M SSA break below 0.8975, TP 0.892/0.886/0.880, SL above 0.9035.

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[IchiMohu]

EURCAD

1W: Weak bearish setup, price and CS trading above thin bearish cloud after it got rejected from double Supp area 1.457 to 1.451, price at a double Resis at 1.554 & 1.545, KS & TS & SSA trading above the cloud at double Resis as well at 1.506 and, next Supp at 1.529, with next Resis and PP at 1.611.
Price might:
1) Rejection for these area (double Resis), to retest the previous Supp at 1.529.
2) Continuation of the bullish wave from these area, or possibly after a retest to the previous Supp, targeting 1.611.

1D: Full bullish setup, with flat SSB and thin ascending cloud, price at double Resis level at 1.553 to 1.5662, next Resis at 1.153 to 1.5739 with PP, next Supp at 1.531 & 1.525.
Price might:
1) Continuation of the correction, to retest the major Resis & PP area at 1.5739 to 1.607 (1W target)!
2) rejection from this area targeting the previous Supp at 1.531 & 1.525.

4H: Full bullish setup, with thick ascending cloud and flatt SSB, price trading out side the 4H bullish channel, SSA retesting the UBAC, price at a multiple PP, next Resis at 1.569 with double Resis 1.581 & 1.5984, with Supp at 1.538 to 1.530, with SSB at 1.5035.
Price might:
1) Continuation of the bullish impulse after a retest to the upper border of the 4H bullish channel, targeting double Resis at 1.581 & 1.5984.
2) 2) Close inside the 4H bullish channel and targeting the LBDC and Supp at 1.545 down to 1.525.

1H: Full bullish setup, thick ascending cloud, price trading inside and at the upper limits of 1H bullish channels at the KS and SSA level, price retested the 1H KS after rejection from PP. next Resis at 1.539 to 1.530 with double Supp at 1.568 and 1.575.
Price might:
1) Continuation of the rejection down to retest the LBAC channel and Supp, targeting the next Resis at 1.539 to 1.530.
2) rejection from these level, and continuation of bullish wave targeting double Resis at 1.5758 to 1.584 and 1.594.

Possible trades:
- Long, if the 30M/15M SSA break above 1.5574, TP 1.575/1.584/1.5940, SL below 1.5445.
- Short, if the 30M/15M SSA break below 1.5451, TP 1.538/1.530/1.514, SL above 1.5580.

Fichiers joints

[IchiMohu]

Starting from next week, I will post my trading ideas on a daily basis
but this time with real execution on my live account, and weekly updated/breakdown of the trades.

[abfx]

Hi, as if i don't speak english very well, i'll try to be attentive.

[IchiMohu]

Hi, as if i don't speak english very well, i'll try to be attentive.

Welcome abfx, I appreciate it .. feel free to participate, even in French

[IchiMohu]

1st Trade of the day

Buy AUDNZD @ 1.0727
SL: 1.689 (38 pips)
TP: 1.0795 (68 pips)
Risking: -0.4% for +0.71%
RRR: 1:1.77

Fichiers joints

[abfx]

Bonjour, peux-tu nous expliquer ce qui justifié cette entrée s'il te plait? Sur le graph que tu montres, la tendance est baissière et tu achètes avec un TP qui devra casser toutes les résistances ichimoku.

[IchiMohu]

Trade #2

Buy AUDCAD @ 0.9536
SL: 0.9511 (25 pips)
TP: 0.9576 (40 pips)
Risking: -0.4% for +0.64%
RRR: 1:1.6

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[abfx]

voici mon idée sur audnzd: post61036.html#p61036

audcad: ne crois-tu pas que les prix vont aller chercher la kijun daily?