Helloo Folks,
We thank God for bringing us to the begining of another brand new week and we give Him the

glory in ALL things..

Our last target on Friday (1.5905) was finally hit, which in itself , was the 60% SELL

WINDOW of the previous trend..I know..I know...everyone says we should sell during price

rallies( rise) when the trend is down but we bought...and 217 pips came out of that

decision.
Now as the time of writing,(5.50 GMT Sunday), price on the GBPUSD 15min closed on Friday

with a bearish candle..
Observe that that close(1.5903) was at the region of the 60% SELL WINDOW, which usually

foretells a turnaround in price...which, in this case, pausing from its prevailing uptrend

to a much probable downtrend.
But the question is ''HOW FAR IS PRICE GOING ON ITS PERCIEVED BEARISH MOVEMENT?
We've, to a considerable extent, determined the direction of GBPUSD on the 15 minute chart,

as bearish...so now, we are looking at HOW FAR this bearish move might likely go..That is

the essence of the CHART PATTERN RECOGNITION AND PRICE PROJECTION STRATEGY.
That , my friends, is what we term the ''60% Beethoven Cantata in B Major''..
Those numbers, 1-2-3 was observed to continue and recur upwards in the prevailing

uptrend...so we extrapolate them on our next anticipated downtrend...



High=1.6326-Low 1.5262=0.1064
0.6*0.1064=0.06384(range)
1.5262+0.06384=1.5900 ( 60% sell window).

high 1.5943 - low 1.5747= 0.0196
0.6*0.0196=0.01176(range)
1.5747+0.01176=1.5865(60% window) 1st target to the downside..

2nd target @ 1.5666...3rd target @ 1.5523....

In less than 4 hours from now, the forex markets will open, with the Asian Session leading

the pack..Only time would tell if our targets are hit...Remember there's no 100% perfection

in the markets..Anything can happen..thats why proper risk management is important..
Proper money management dictates we fix our stop loss above the high of 1.5943, when going

short(selling).tHats like 40 pips above the close of 1.5903.
A bearish gap to the downside might also likely form at the opening bell which shows

oversold orders pouring in the markets..
Please feel free to make any comments or ask questions..