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 |
07 Agustus | |||
Daily chart: in technical terms, the swing can go up. And given today's Non-Farm Payroll data, the word "technically" ceases to have any meaning. Be careful today . Below remember about the area O&U, it is possible to have a pin down to this area. Hourly chart:on the dash down you can possibly pick up of orders from 1.0825. The same can be a place to take off to 1.10.. Scenarious: 1) Dash to | |||
06 Agustus | |||
05 Agustus | |||
04 Agustus | |||
03 Agustus |