September 18, 2009
Is the British Pound ready for a big sell off?
Hello Everyone,
The British Pound is really starting to show some weakness and I am anticipating a lot more down side movement. So if you are looking to be a buyer be extra careful!
We had yet another week of great plays off of my forex market reversal levels. A couple of trades with the EUR/JPY are highlighted in a video below. Please feel free to leave your comments on how you are doing with my weekly levels. There is a comment link just below the table with the market reversal levels.
Hope this gives you some food for thought….
Until next week, peace and prosperity,
Jeff Wilde
***VERY IMPORTANT: If you are new to our forex market forecast service I urge you to get up to speed on how to get the most out of it. This will also explain what the abbreviations I use mean. To get all the details click this link:
Here is a video that will teach you how to get the most out of this newsletter. TO VIEW CLICK HERE:
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Key Market Reversal Levels for Sep 21 - Sep 25
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GBP/USD |
EUR/USD |
USD/JPY |
GBP/JPY |
EUR/JPY |
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| Turning Point Down #3 | 1.6847 | 1.5250 | 95.00 | 155.00 | 137.85 |
| Turning Point Down #2 | 1.6707 | 1.5016 | 93.26 | 152.38 | 136.50 |
| Turning Point Down #1 | 1.6500 | 1.4838 | 91.93 | 150.00 | 135.00 |
| Turning Point Up #1 | 1.6155 td> | 1.4579 | 90.07 | 147.22 | 132.48 |
| Turning Point Up #2 | 1.6000 | 1.4402 | 88.67 | 145.00 | 130.79 |
| Turning Point Up #3 | 1.5729 | 1.4220 | 87.33 | 142.92 | 129.18 |
| Intermediate TrendDirection | Down | Up | Down | Down | Up |
| Major Trend Direction | Up | Up | Down | Up | Up |
| Comments | |||||
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***VERY IMPORTANT: If you are new to our forex market forecast service I urge you to get up to speed on how to get the most out of it. This will also explain what the abbreviations I use mean. To get all the details click this link: Here is a video that will teach you how to get the most out of this newsletter. TO VIEW CLICK HERE: |
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Filed under Blog by Jeffrey Wilde
Comments on Is the British Pound ready for a big sell off? »
Once again I found your turning points of great help.
Early today when JPY suddenly shot up I placed my profit target at 91.2 ….. and got it.
Thanks Jeff
keep up the good work
Regards
Jeff,
Regarding my earlier comment mistyped the target number, It should read as 91.92
Regards
Discovered your blog over the weekend, and I'm testing your reversal levels this week. Started out great doing a 512!! pip trade with EUR/USD this morning. Currently went long on the EUR/JPY. entered around your TPD1 at 135.
Let's see how it goes :)
This should be an interesting week!
Thanks for all your work. Really enjoyed your video analysis.
Nice reversal in GBPUSD off the 1.6155 level. Conservative entry showing 27pips so far. 38.2 fib reversal is sitting around 1.6300 nice round number - be interesting to see if it gets there. Thanks for your good work.
Closed the GBPUSD for 133pips profit - nearly went all the way to he first resistance line.And now look at the GBPJPY currently in short with +188pips
This morning (8/25) I closed 122 pips from USDJPY in one of your market reversals for the USDJPY. Great trade!
I've been following your blog and taking notes of your commentaries, one question that is bugging me is that if I find one of your set ups before the US session or any other session for that matter should place a pending order on it?
Also in one of your videos you mentioned that on a 30 min chart if the IB is not triggered in 3 to 4 bars (4 bars =2 hrs) maybe its not a good setup or not enough momentum to go to your intended direction. Does this rule also applies to higher time frames like 1 hr 4 hrs or even the daily chart?
By the way keep it up!