January 10, 2010
British Pound Sell Setup - 200 pips
Hello fellow traders,
Below is a video I just made on a 30 minute GBP/USD chart that could have taken in near 50 - 200 pips. This was yet another classic trade setup that I have been "pounding the table" on for the last 18 months.
Hope this gives you some food for thought….
Until next week, peace and prosperity,
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Key Market Reversal Levels for |
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GBP/USD |
EUR/USD |
USD/JPY |
GBP/JPY |
EUR/JPY |
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| Turning Point Down #3 | 1.6414 | 1.4866 | 96.96 | 155.00 | 138.50 |
| Turning Point Down #2 | 1.6275 | 1.4658 | 95.00 | 152.28 | 136.97 |
| Turning Point Down #1 | 1.6159 | 1.4489 | 93.47 | 150.00 | 134.50 |
| Turning Point Up #1 | 1.5932 | 1.4247 | 91.89 | 147.49 | 131.64 |
| Turning Point Up #2 | 1.5814 | 1.4050 | 90.78 | 145.00 | 130.00 |
| Turning Point Up #3 | 1.5669 | 1.3750 | 89.50 | 141.81 | 127.38 |
| Intermediate Trend Direction |
Down | Down | Up | Up | Down |
| Major Trend Direction | Up | Up | Down | Down | Down |
| 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
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