Dashboard© has generated a PFH (peak formation high) on GBPUSD. PFH 12 means it was generated 12 days ago. We are still bearish until Dashboard© generates a new PFL (peak formation low). We had many opportunities throughout this bearish cycle to enter short.
Dashboard© clearly shows GBPUSD with a PFH 12. We check in everyday after NY session to see the new peak update. Dashboard updates once per day. If GBPUSD shows PFH 13 tomorrow than it is still bearish and we wait. If it shows PFL, than we prepare to take long trades.
Dashboard© has now generated a fresh PFL 5 on GBPUSD. We are now officially in an uptrend or bullish cycle. Prepare to buy GBPUSD.
The new PFL on GBPUSD is shown using the yellow box. All we need to do is identify any point where we can enter a buy and watch the profits roll in. It really is this simple!