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 |
| 20 November | Daily chart: active test of potential downward swing. But we know about the reversal pattern O&U on H1, so we are based on duality of the situation. The final confirmation of continuation of euro's decline is only breach of the last bottom (1.0617) H1: in the local upward structure there was a lit | Daily chart: to establish in the new rising structure, bulls must not let the new downward swing get below the last bottom (1.5153). Otherwise, all achievements of buyers will be offset and downward structure will return its relevance. H1: locally bulls develop an upward swing in the ascending stru | Daily chart: the downward swing lacks one intersection down, upon that, we need to keep the last bottom (122.22), otherwise a massive southern Over&Under will be formed by and as a result, a trend will reverse down. H1: until now none of the two counter O&Us was activated, so the only corr |
| 18 November | |||
| 17 November | |||
| 16 November |
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