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 |
| 30 Juli | Daily chart: the price continues to steadily work out the descending structure. We have two scenarios: The first one (blue arrow) - a straight decline to 1.0808 zone, the second one (red arrow) implies a preliminary roll back up within a new swing and it will be tha part of decline under O&U pattern | Daily chart an excellent pinbar after a false break! Waiting for a roll back to 50% pin (1.5638) and sell expecting a decline under the last bottom (1.5466) Hourly chart: Bulls managed to hold an ascending structure, not allowing to make the first crossing down! Nevertheless, we shall come from th | Daily chart: the price has closely approached to the latest top (and strong resistance zone) - 124.47. Here we have absolutely equally probable scenarios of an attack in the upward direction and a downward pullback. We shall wait for a better clarity. Hourly chart: an awkward upward swing gives us |
| 29 Juli | |||
| 28 Juli | |||
| 27 Juli |
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