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 |
13 November | Daily chart: we will observe emergence of the potential inside bar today that, if we consider place of its occurrence, would be the strongest short-signal for the next week. H1: local uptrend. If bulls manage to break through yesterday's high (1.0829) - the day IB will become impossible, but upward | Daily chart: bulls have predictable problems arose in the pivot zone of 1.5241-1.5245. If the day is closed by the inside bar - this will mean a classic and very strong sell signal on Monday. Bears have something to fight for. H1: a solid triangular consolidation. Lowered tops, raised bottoms - wil | Daily chart: So, the downward swing is ready, the price groped the potential bottom 122.49. If bears can not extend the current swing, bulls would attack in the direction of breakdown of the last Top (123.60) H1: local descending structure and bears obviously do not give up - the inside bar at the |
12 November | |||
11 November | |||
10 November | |||
09 November |