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 September | The daily chart: a continued upward development of the upward swing and everything is smooth with no signs of reversal. The optimum height of the current swing is 1.1750-1.1800. Break of the last top is required. H1 chart: the long upward swing allows bears to conduct correction. We will look for | The daily chart: a massive breakthrough and absorption of the inside bar indicates a strong bullish Momentum. Thus the upward swing will be safe up to the last vertex (1.5819). There isa space for traders. H1 chart: a rising local structure lacks a downward swing. That's what we are waiting for to | The daily chart: local lowering of peaks that can be a signal for start of a new downward swing, we can expect the overall downward structure. Break of the last local bottom (118.59), which in turn would trigger continuation of decline to 116.00, would confirm that. H1 chart: similar picture in mi |
| 10 September | |||
| 09 September | |||
| 08 September | |||
| 07 September |
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