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 |
| 04 September | The daily chart: Bears are closer to the main support of the ascending structure - 1.1017 and its break-down would be a significant signal of a breakdown of the medium uptrend. On the other hand, buyers have opportunities to enter due to reducing the levels of stop orders. Therefore scenarios of re | The daily chart: a huge downward swing continues. In the near future we expect a significant sliding swing. h1 chart: a local descending structure also has a need to roll back, so you can review both entries up and down on trend after arollback. Scenarios: So, we wait for beginning of the upward | The daily chart: we can still expect developing of the inside bar at the end of the upward swing, so the more promising are entries down. H1 chart: an approved descending structure. Skip swing up and sell along the trend. Estimated depth of the correction - zone 119.80-120.00 Scenarios: So, we wa |
| 03 September | |||
| 02 September | |||
| 01 September | |||
| 31 Agustus |
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