The Forex Market Forecast

What do I mean by high probability turning points?

These are areas based on a large number of technical factors that can lead to the market reacting at them.

Let me explain…

Say that the market is selling off and it is near my TPU1(Turning Point Up ).
As it nears that level it could bounce off that level and rally. Sometimes
very hard.

***THIS IS IMPORTANT***

You don't want to blindly jump in and be a buyer there, instead it helps you anticipate what the market may do and then you can apply your trading system entry techniques to get in.

These levels also can be used as exit points if you are already in a trade. Say your system had you short the USD/EUR and you were getting close to TPU1. This would be a smart place to exit your trade as there is a strong possibility that the market could bounce strongly and…

That is the last thing you want to happen as it would cause you to give back a lot of your hard earned profits.

Over the coming months I will share some powerful trading strategies you can use to exploit these market turning points.

Before we get into things I want to share with you my abbreviations.

*TPU = Turning Point Up - When a market is selling off, this is the area that we expect it to potentially rally.

*TPD = Turning Point Down - When a market is rallying up, this is the area that we expect it to potentially sell off.

LT = Long Term trend - This is determined on daily and weekly charts

IT = Intermediate Term trend - This is determined by price activity over the past 2 weeks approximately

ST = Short Term trend - This is determined by price activity over the past 2 days approximately

The primary purpose of this letter is to provide an invaluable tool to zero in on high probability turning points in the market. If you are new to our free forex service I urge you to get up to speed on how to get the most out of it.Welcome!
GBP/USD

TPD3 1.8813
TPD2 1.8145
TPD1 1.7613
============
TPU1 1.6595
TPU2 1.5988
TPU3 1.5439

LT = Down
IT = Down
ST = Down

EUR/USD

TPD3 1.4962
TPD2 1.4471
TPD1 1.3835
============
TPU1 1.2967
TPU2 1.2503
TPU3 1.2074

LT = Down
IT = Down
ST = Down

USD/JPY

TPD3 114.42
TPD2 108.63
TPD1 103.53
============
TPU1 97.89
TPU2 92.50
TPU3 83.52

LT = Down
IT = Down
ST = Up

USD/CHF

TPD1 1.2191
TPD2 1.1873
TPD3 1.1595
============
TPU1 1.1129
TPU2 1.0836
TPU3 1.0613

LT = Up
IT = Up
ST = Up