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 |
16 Oktober | The daily chart: the downward swing continues to be formed and dynamics of its development is sufficient to obtain a new Low and, therefore, the price should complete with the downward swing, then bulls will again be able to attack. The nearest support is 1.13 (pivot from one of the Tops and round l | The daily chart: bulls slightly loosened their grip on the round level (1.55) than that gave preconditions for development of the downward swing. H1 chart: expanding formation with three breakdowns up and two down. In terms of trade - it is better and more profitable to sell. In terms of outlook f | |
15 Oktober | |||
14 Oktober | |||
12 Oktober |