After a strong start to the year, 2 recent losses have led to a decline in the Rate of Return from the Methodology for 2016. Having been up by 46%we are now up by 23% following tese recent results. Despite these setbacks, however, the Methodology is still on track to reach at least 100% by the end of the year - the goal of my Subscribers. One of these losses took place on the CAD JPY on April 12th last month. This led to a loss of 119 Pips. RATE OF RETURN OF METHODOLOGY The trade was taking place within a Pennant Consolidation that was being formed on the Daily Chart. The Support Boundary was already formed and we needed a 2nd Resistance Point to complete the Resistance Boundary and the overall Pennant. DAILY CHART - ENTRY SIGNAL The Breakout Candle below the Outer Uptrend Line provided the signal to continue the bearish movement towards Support. The Breakout Equivalent of the small Pennant was set as the trading target.