The methodology identified a downtrend in the British Pound yesterday which actually put it in line with the Euro and the Aussie which had already been in extended downtrends with very large TRENDBODYCLOUDs.
Interestingly, the (LRPA – LOWER RELEVANT PRICE AREA – 1.5808) was taken out today in the pound. 464 closed pips last month and 250 pips this month on closed positions from the methodology. And of course, there are large TRENDBODYCLOUDs on the DOW and GOLD.
