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 |
| 02 Oktober | The daily chart: So, yesterday bulls seem to have tried the bottomed, having made bar in the form of pin and having lifted support line in the overall structure. Breakdown of rising movement will be in the case of breakdown of support 1.1109. Both scenarios are equally probable (in spite of the adva | The daily chart: chart expresses the need of the pullback. The price may update Low, but the upward swing will shortly begin. Momentum clearly indicates a bearish market, so we should be looking for the besy possible entry points down at the end of the upward swing (which is only possible the next w | The daily chart: obvious northern preparation from bulls, but we must remember about the news background, which, of course, will dominate over the technical picture. But from a technical point of view, we can expect beginning of the swing up aiming to break 121.73 and targeting 123.00 H1 chart: a d |
| 01 Oktober | |||
| 29 September | |||
| 28 September |
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