Regarding my last posts where I explain the measure of the bearish and bullish movement with today's post we could observe real and practical example.
Currency pair EUR/GBP confirmed the continuation decline pattern last year. In table bellow are predicted values of the pair through the measure move decline calculation in points (0.8575) and % (0.8591) term.
| Reversal decline of EUR/GBP | Date | |
| High | 0,9411 | 13.10.09 |
| Low | 0,8833 | 17.11.09 |
| Difference | 0,0578 | |
| Difference (%) | -6,14% | |
| Consolidation | ||
| High | 0,9153 | 30.11.09 |
| Continuation decline | ||
| Points | % | |
| 0,8575 | 0,8591 | ??? |
Last the lowest point in pair was 0.8601 on 28 Jan 2010... It is only 26 pips difference of points (0.8575) and amazing 10 pips of % (0.8591) term. Maybe the low level will go further!!!
We could say that really works...!!!
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