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 |
| 25 November | Daily chart: so far, buyers have failed to realize the full potential of the bull pin, but nothing prevents them from building at least a full swing up, for which they need to beat yesterday's high (1.0672). Both overHigh and swing will allow us to estimate the chances of correction (or even record | Daily chart: a continued bearish swing on the top left area of the pattern O&U (1.5263). Because the work on descending swing is so sure, the upward movement can be arranged only through the formation of the inside bar, and then - the day can pass in the flat. H1: downward structure needs a s | Daily chart: a rather confident test of down false breakdown IB (which we discussed in yesterday's review), so there is a very high probability that bears will be able to break through the last swing bottom (122.21), which will form a bearish pattern O&U (entry point 123.60). This drop can occur |
| 24 November |
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