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 |
09 Oktober | The daily chart: a well expressed bullish momentum, but the structure still has only one intersection up, so we can count on a rolling swing down (supposedly - from resistance 1.1373 into the zone 1.1200-1.1220). H1 chart: a confident rising local structure in the beginning phase of a possible do | The daily chart: a hint of a possible beginning of a rollback. Bulls showed so good form in this pullback, that there are doubts that the downward trend will continue a swing down (for which bears need to break through the last bottom (1.5106). So next week it will be good for search for signals up | The daily chart: our yesterday's scenario worked itself fully - we have a spring and now bulls have free hands to attack in the medium-term up to break all recent peaks immediately. H1 chart: a well expressed bullish Over&Under from 119.74. We buy from there. But - it does not mean that you need to |
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