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 |
| 28 Agustus | The daily chart: So, we have a well-shaped downward swing and very harmonious upward structure. If bulls want to (and can) act - it is necessary to start now. Certainly, potential for correction is still here, but the closer the price is getting to the last bottom (1.1017), the closer a breakdown of | The daily chart: Now, swing down has been formed, but in the background of once punched four levels, it makes sense for bears to modify a strong support area at 1.5327 as well. There we can seriously expect formation of a new ascending swing. H1 chart: a good pivot & quot; has cut & quot; a local | The daily chart: an upward swing lacks another intersection up, so we can expect the new local Highs to be reached by the price. H1 chart: the chart is already equipped with a downward swing, but there is a possibility that it will get deeper. Scenarious: we wait for a hollow and then reach of new |
| 27 Agustus | |||
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| 24 Agustus |
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