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 |
| 14 Agustus | Daily chart: the upward swing may be continued to the ‘big” bearish Over&Under (1.1386), But we can’t ignore the scenario of the downward swing formation. Hourly chart: the upward swing is not finished. We will enter up only after the formed downward swing. We need to be patient. Scenarios: wait | Daily chart: in this pair bulls are very close to attack the strong resistance zone 1.5660-1.5690, which made 4 peaks. Probably if the successful breakthrough takes place, the pullback down will happen, where we can “pick up” the pound with middle-term buys. Hourly chart: the same situation: the gr | Daily chart: we see the unformed swing from below and the inside bar. If following the bearish continuation, we can suppose the probable fake IB breakthrough down for fully formation of the downward swing and then the growth to new maximums (above the last peak 125.27). Hourly chart: here the struc |
| 13 Agustus | |||
| 12 Agustus | |||
| 11 Agustus | |||
| 10 Agustus |
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