As the part of any natural process, market quotations have a cyclical character. Trend cannot avoid pullbacks, corrections, final phases, reversals and flat periods.
Not only definition of current status of market is important for a trader. “Prediction” (or, which is more precise, anticipation) of coming mood of any traded instrument is important too. What is crucial is to find a trading decision that will work exactly for you with the best possible estimation of risk and profit.
Method of Alexey Panasenko has proved itself as an efficient way to estimate status of market and find reliable trading recommendations. The author has been working with his own trading system for a long time and this system combines price action method with overlapping of Gann swings to the chart.
| 2015 | EURUSD | GBPUSD | USDJPY |
| 11 Desember | Daily chart: a great reversal setup - inside bar at the end of the upward swing! We are waiting for beginning of decline in the direction to zone 1.06, where we wi to buy euros within a bullish pattern Over & Under for the medium term. H1: the structure would not prevent a local upward swing, but w | Daily chart: As we can see, the structure still maintain the peaks low, so a new downward swing may start soon. There are no direct price action signals, but H1 has already showed the first signals of a down reversal. H1: the top of the upward swing was formed by the pinbar from the round psycholog | Daily chart: the inside bar mirrors euro dollar. This inverse correlation is a good market indicator for development of the upward swing in the area of 123.00. H1: the pinbar on rising of tops is also a northern signal. Test seems to be ponderous (yet), but in the end we see that the pair is co |
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