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 |
21 Agustus | The daily chart: Euro has definitively established bullish trend . Now we will wait for the movement to 1.1386, where there is a significant offer to sell as part of a bearish Over & Under. Entrance to 1.1386 requires a downward swing. H1 chart: not to break the upward structure, bulls need to cut | The daily chart: a heavy bullish setup - the inside bar, then a false break-down and pinbar. From a technical point of view, the outcome in such cases can only be the upward movement. Try to buy in the area of 50% of the pin (1.5655) or below. H1 chart: in the local point of view, structure is no | The daily chart: bulls is still have the chance to maintain uptrend, but it is necessary not to lose support from the last bottom (123.00). If they fail, then the pair will get down even deeper into the zone of 121.85. H1 chart: a confidently descending structure without any signs of reversal. To |
20 Agustus | |||
19 Agustus | |||
18 Agustus | |||
17 Agustus |