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 |
25 September | The daily chart: yesterday an upward swing has been formed, and today bears made the first crossing down in the new assumed downward swing! If they continue to put a pressure, they will have a chance to get one more swing intersection (for that they need to break support 1.1103) H1 chart: a slightl | The daily chart: Yesterday's bar can be the one, which will stop movement. This gives bulls a chance to develop a swing towards 1.5466 (local O & U). One of possible interpretations of such a scenario - formation of the inside bar today. If bears continue to pressure and attack support 1.5160, it co | The daily chart: the pair is bought to be put down. This is indicated by expressive Day pinbar. This is very bad for bulls and very good for bears, who anticipate growth at the break of three red resistance from the past Highs, where delicious Stops of sellers are certainly concentrated. The probab |
24 September | |||
23 September | |||
22 September | |||
21 September |