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 |
| 21 Oktober | The daily chart: so far, everything followed our expectation of a continuation of the rising structure, although we must admit that the swing is moved up by bulls without much enthusiasm. If today they do not reach a new high, it is quite possible that the downward correction would continue. H1 cha | The daily chart: here are two consecutive false upward breakouts areas of IB - it's definitely a strong southern karma. We expect beginning of a strong decline toward 1.5159 H1 chart:phase of the upward swing, and right now, after close of the next hour bar, the market will provide entry points dow | The daily chart: So, the upward swing is ready, which means that sellers may soon begin to actively participate in the new downward swing in the overall downward structure. Bears should not let breakthrough of 120.56 H1 chart: Locally we have yet uptrend, so you will need some patience to wait for |
| 20 Oktober |
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