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 |
| 24 Juli | Daily chart: From the one hand, swing has been formed, so bears could break the last bottom (blue arrow), but from another hand – in the upper part, we have bearish unfinished pattern O&U, adding a bullish localO&U on Н1 from 1.0825. So, despite on descending structure, Northern direction shall be d | Daily chart: a significant claim to make a downward reversal. Bears did not allow to form a new High and broken the bottom. Now they have a choice whether to continue forcing from current levels either regroup in one more ascending swing. Hourly chart: here is a small bearish O&U from 1.5646. On th | Daily chart: a descending swing was too short, whereas resistance around 124.45 was too strong. There is no entrance signal, so we have to be patient. Hourly chart:Undirected structure with ragged edges. There are no two subsequent crossings to neither side, which tells about flat. Scenarios: wai |
| 23 Juli |
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