If you rub fresh garlic on the soles of your feet, about an hour later you can actually taste the garlic. This is because the molecule that causes garlic's smell, allicin, is small enough to penetrate the skin and blood vessels, where it goes all the way up to your mouth and nose. – WTF Fun Facts

New Post has been published on http://u.to/B3eiDw

Trade Idea Wrap-up: GBP/USD - Sell at 1.2270

GBP/USD – 1.2154

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.2143

Kijun-Sen level                    : 1.2144

Ichimoku cloud top              : 1.2279

Ichimoku cloud bottom        : 1.2218

Original strategy :

Sell at 1.2270, Target: 1.2130, Stop: 1.2305

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2270, Target: 1.2130, Stop: 1.2305

Position : –

Target :  –

Stop : –

As cable has recovered after intra-day brief fall to 1.2107, suggesting consolidation above this level would be seen and corrective bounce to 1.2200 and later 1.2240-50 cannot be ruled out, however, reckon upside would be limited to 1.2271 resistance and bring another decline later, below said support at 1.2107 would signal recent decline is still in progress and may extend weakness towards 1.2077-82 (61.8% projection of 1.2775-1.2199 measuring from 1.2433 and previous support) which is likely to hold on first testing.

In view of this, would not chase this fall here and would be prudent to sell cable on recovery as said resistance at 1.2271 should limit upside. A firm break above the upper Kumo (now at 1.2279) would abort and signal a temporary low is formed instead, risk rebound to 1.2300 first.

New Post has been published on http://u.to/B3eiDw

Trade Idea Wrap-up: GBP/USD - Sell at 1.2270

GBP/USD – 1.2154

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.2143

Kijun-Sen level                    : 1.2144

Ichimoku cloud top              : 1.2279

Ichimoku cloud bottom        : 1.2218

Original strategy :

Sell at 1.2270, Target: 1.2130, Stop: 1.2305

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2270, Target: 1.2130, Stop: 1.2305

Position : –

Target :  –

Stop : –

As cable has recovered after intra-day brief fall to 1.2107, suggesting consolidation above this level would be seen and corrective bounce to 1.2200 and later 1.2240-50 cannot be ruled out, however, reckon upside would be limited to 1.2271 resistance and bring another decline later, below said support at 1.2107 would signal recent decline is still in progress and may extend weakness towards 1.2077-82 (61.8% projection of 1.2775-1.2199 measuring from 1.2433 and previous support) which is likely to hold on first testing.

In view of this, would not chase this fall here and would be prudent to sell cable on recovery as said resistance at 1.2271 should limit upside. A firm break above the upper Kumo (now at 1.2279) would abort and signal a temporary low is formed instead, risk rebound to 1.2300 first.

New Post has been published on http://u.to/B3eiDw

Trade Idea Wrap-up: GBP/USD - Sell at 1.2270

GBP/USD – 1.2154

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.2143

Kijun-Sen level                    : 1.2144

Ichimoku cloud top              : 1.2279

Ichimoku cloud bottom        : 1.2218

Original strategy :

Sell at 1.2270, Target: 1.2130, Stop: 1.2305

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2270, Target: 1.2130, Stop: 1.2305

Position : –

Target :  –

Stop : –

As cable has recovered after intra-day brief fall to 1.2107, suggesting consolidation above this level would be seen and corrective bounce to 1.2200 and later 1.2240-50 cannot be ruled out, however, reckon upside would be limited to 1.2271 resistance and bring another decline later, below said support at 1.2107 would signal recent decline is still in progress and may extend weakness towards 1.2077-82 (61.8% projection of 1.2775-1.2199 measuring from 1.2433 and previous support) which is likely to hold on first testing.

In view of this, would not chase this fall here and would be prudent to sell cable on recovery as said resistance at 1.2271 should limit upside. A firm break above the upper Kumo (now at 1.2279) would abort and signal a temporary low is formed instead, risk rebound to 1.2300 first.

New Post has been published on http://u.to/7vahDw

Trade Idea Update: GBP/USD - Sell at 1.2270

GBP/USD – 1.2157

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.2159

Kijun-Sen level                    : 1.2227

Ichimoku cloud top              : 1.2358

Ichimoku cloud bottom        : 1.2351

Original strategy :

Sell at 1.2250, Target: 1.2130, Stop: 1.2285

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2270, Target: 1.2130, Stop: 1.2305

Position : –

Target :  –

Stop : –

Cable dropped sharply after opening lower earlier today and broke below last week’s low at 1.2199, confirming recent downtrend has resumed and may extend further weakness to 1.2120, however, oversold condition should prevent sharp fall below 1.2100 and reckon 1.2070-75 would hold from here, bring rebound later.

In view of this, would not chase this fall here and would be prudent to sell cable on recovery as intra-day resistance at 1.2271 should limit upside. Above 1.2290-00 would abort and suggest a temporary low is possibly formed, risk a stronger rebound to 1.2330-35 first.

New Post has been published on http://u.to/7vahDw

Trade Idea Update: GBP/USD - Sell at 1.2270

GBP/USD – 1.2157

Most recent candlesticks pattern   : N/A

Trend                                 : Near term down

Tenkan-Sen level                 : 1.2159

Kijun-Sen level                    : 1.2227

Ichimoku cloud top              : 1.2358

Ichimoku cloud bottom        : 1.2351

Original strategy :

Sell at 1.2250, Target: 1.2130, Stop: 1.2285

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2270, Target: 1.2130, Stop: 1.2305

Position : –

Target :  –

Stop : –

Cable dropped sharply after opening lower earlier today and broke below last week’s low at 1.2199, confirming recent downtrend has resumed and may extend further weakness to 1.2120, however, oversold condition should prevent sharp fall below 1.2100 and reckon 1.2070-75 would hold from here, bring rebound later.

In view of this, would not chase this fall here and would be prudent to sell cable on recovery as intra-day resistance at 1.2271 should limit upside. Above 1.2290-00 would abort and suggest a temporary low is possibly formed, risk a stronger rebound to 1.2330-35 first.