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 |
18 September | The daily chart: I congratulate readers of the review, who were able to enter with me into this upward swing on its very bottom! Excellent opportunity to go along with the price to new Highs (breakdown of 1.1713) H1 chart:a crucial question is being solved right now: if the local upward structure | The daily chart: swing-up is ready, but, apparently, bulls can modify resistance area 1.5672-1.5689 before a possible correction H1 chart: a very short corrective swing down, but bulls can continue to work. Support 1.5556 is not stable, since no upward swing is here. Therefore, its breakthrough ca | The daily chart: on decline we obtained breakdown of the last bottom (119.41), so downward accumulation is fulfilled in accordance with our expectations. We expect a long day swing in the direction of 116.16 H1 chart: a promising entry point down - it's 120.70, identified by the pattern Over & Unde |
17 September | |||
16 September | |||
15 September | |||
14 September |