#12260

There's a national pillow fighting tournament in Japan. The fighters start by pretending to sleep on futons and when the whistle sounds, they spring to their feet and race to get a pillow. A mix between dodgeball and chess, teams throw pillows at each other while protecting the 'King'. – WTF Fun Facts

New Post has been published on http://u.to/ekOoDw

Trade Idea Update: GBP/USD - Buy at 1.2260

Candlesticks and Ichimoku Intraday |

Written by Action Forex |

Jan 18 17 11:42 GMT

GBP/USD – 1.2300

Original strategy :

Buy at 1.2260, Target: 1.2400, Stop: 1.2225

Position : –

Target :  –

Stop : –

New strategy  :

Buy at 1.2260, Target: 1.2400, Stop: 1.2225

Position : –

Target :  –

Stop : –

Cable has retreated after rising to 1.2416, suggesting consolidation would be seen and initial downside risk is for weakness to 1.2260-65 (38.2% Fibonacci retracement of 1.2017-1.2416), however, reckon renewed buying interest would emerge there and bring another rise later, break of said resistance would signal the reversal from 1.1986 low is still in progress for further gain to previous resistance at 1.2433, break there would encourage for headway to 1.2470-80. 

In view of this, we are looking to buy cable on dips as the Kijun-Sen (now at 1.2265) should limit downside. A drop below previous resistance at 1.2233 (now support) would defer and risk test of 1.2215-50 (61.8% Fibonacci retracement of 1.2017-1.2416) but break there is needed to confirm top is formed.

About the Author

Candlesticks Intraday Trade Ideas Update Schedule (GMT): 1st Update: 0630 – 0700; 2nd Update: 0930 – 1000; 3rd Update: 1230 – 1300; 4th Update: 1500 – 1530 Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT): AUD/USD, EUR/JPY: 0800 – 0830; EUR/GBP, USD/CAD: 1430 – 1500 GMT

New Post has been published on http://u.to/ekOoDw

Trade Idea Update: GBP/USD - Buy at 1.2260

Candlesticks and Ichimoku Intraday |

Written by Action Forex |

Jan 18 17 11:42 GMT

GBP/USD – 1.2300

Original strategy :

Buy at 1.2260, Target: 1.2400, Stop: 1.2225

Position : –

Target :  –

Stop : –

New strategy  :

Buy at 1.2260, Target: 1.2400, Stop: 1.2225

Position : –

Target :  –

Stop : –

Cable has retreated after rising to 1.2416, suggesting consolidation would be seen and initial downside risk is for weakness to 1.2260-65 (38.2% Fibonacci retracement of 1.2017-1.2416), however, reckon renewed buying interest would emerge there and bring another rise later, break of said resistance would signal the reversal from 1.1986 low is still in progress for further gain to previous resistance at 1.2433, break there would encourage for headway to 1.2470-80. 

In view of this, we are looking to buy cable on dips as the Kijun-Sen (now at 1.2265) should limit downside. A drop below previous resistance at 1.2233 (now support) would defer and risk test of 1.2215-50 (61.8% Fibonacci retracement of 1.2017-1.2416) but break there is needed to confirm top is formed.

About the Author

Candlesticks Intraday Trade Ideas Update Schedule (GMT): 1st Update: 0630 – 0700; 2nd Update: 0930 – 1000; 3rd Update: 1230 – 1300; 4th Update: 1500 – 1530 Pairs Covered: EUR/USD, USD/JPY, GBP/USD, USD/CHF

Elliott Wave Daily Trade Ideas Update Schedule (GMT): AUD/USD, EUR/JPY: 0800 – 0830; EUR/GBP, USD/CAD: 1430 – 1500 GMT

New Post has been published on http://u.to/aESnDw

Trade Idea Wrap-up: GBP/USD - Buy at 1.2260

GBP/USD – 1.2369

Most recent candlesticks pattern   : N/A

Trend                                 : Near term up

Tenkan-Sen level                 : 1.2356

Kijun-Sen level                    : 1.2208

Ichimoku cloud top              : 1.2146

Ichimoku cloud bottom        : 1.2071

Original strategy :

Buy at 1.2240, Target: 1.2370, Stop: 1.2205

Position : –

Target :  –

Stop : –

New strategy  :

Buy at 1.2260, Target: 1.2400, Stop: 1.2225

Position : –

Target :  –

Stop : –

Cable’s intra-day rise has gathered momentum and broke above resistance at 1.2233 as well as 1.2317, signaling a temporary low has been formed at 1.1986, hence consolidation with mild upside bias is seen for further gain to 1.2400, then towards previous resistance at 1.2433, however, a firm break above this level is needed to retain bullishness and signal recent selloff has indeed ended, extend headway to 1.2470-80. 

In view of this, we are looking to buy cable on dips as the Tenkan-Sen (now at 1.2256) should limit downside. A drop below previous resistance at 1.2233 (now support) would defer and risk test of the Kijun-Sen (now at 1.2208) but break there is needed to signal an intra-day top is formed.

New Post has been published on http://u.to/aESnDw

Trade Idea Wrap-up: GBP/USD - Buy at 1.2260

GBP/USD – 1.2369

Most recent candlesticks pattern   : N/A

Trend                                 : Near term up

Tenkan-Sen level                 : 1.2356

Kijun-Sen level                    : 1.2208

Ichimoku cloud top              : 1.2146

Ichimoku cloud bottom        : 1.2071

Original strategy :

Buy at 1.2240, Target: 1.2370, Stop: 1.2205

Position : –

Target :  –

Stop : –

New strategy  :

Buy at 1.2260, Target: 1.2400, Stop: 1.2225

Position : –

Target :  –

Stop : –

Cable’s intra-day rise has gathered momentum and broke above resistance at 1.2233 as well as 1.2317, signaling a temporary low has been formed at 1.1986, hence consolidation with mild upside bias is seen for further gain to 1.2400, then towards previous resistance at 1.2433, however, a firm break above this level is needed to retain bullishness and signal recent selloff has indeed ended, extend headway to 1.2470-80. 

In view of this, we are looking to buy cable on dips as the Tenkan-Sen (now at 1.2256) should limit downside. A drop below previous resistance at 1.2233 (now support) would defer and risk test of the Kijun-Sen (now at 1.2208) but break there is needed to signal an intra-day top is formed.