USDCAD H1: The Chaos Theory Forecast for the American Session on 26.11.2024
26.11.2024 15:31
Technical
According to USDCAD, the phase space is defined as northern, since the price has risen above the upper fractal. Now we can examine signals from other market dimensions within the framework of Bill Williams' strategy.
The Alligator indicator confirms the positive market sentiment. The Alligator's mouth is open. It's hungry. Against this background, the price may continue to rise.
The AO indicator is still above the zero mark.
There are two red bars below the zero line on the AC indicator. This signal's worth paying attention to. It shows a decrease in energy of movement to the northern direction. However, the upward movement is prevalent as long as the price remains above the red Alligator line. After a correction is finished, the price may resume its downward movement.
At the same time, the AC and AO indicators turned red. This signals that the strength and energy of the upward impulse have deceleration. This may lead to the development of a deeper correction or a change in trend. However, the northern movement scenario remains prevalent as long as the price remains above the red Alligator line.
The histogram of the Gator indicator has not formed a clear signal yet. The color of the histograms changes, indicating a change in market phase.
As a result, there is a northern phase space. At the same time, some indicators indicate the possible development of a pullback movement or the transition of the market to a new phase.
📊 Buy Stop 1.41443
❌ Stop Loss 1.40445
After entering the market, Stop Loss is carried along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.
The Alligator indicator confirms the positive market sentiment. The Alligator's mouth is open. It's hungry. Against this background, the price may continue to rise.
The AO indicator is still above the zero mark.
There are two red bars below the zero line on the AC indicator. This signal's worth paying attention to. It shows a decrease in energy of movement to the northern direction. However, the upward movement is prevalent as long as the price remains above the red Alligator line. After a correction is finished, the price may resume its downward movement.
At the same time, the AC and AO indicators turned red. This signals that the strength and energy of the upward impulse have deceleration. This may lead to the development of a deeper correction or a change in trend. However, the northern movement scenario remains prevalent as long as the price remains above the red Alligator line.
The histogram of the Gator indicator has not formed a clear signal yet. The color of the histograms changes, indicating a change in market phase.
As a result, there is a northern phase space. At the same time, some indicators indicate the possible development of a pullback movement or the transition of the market to a new phase.
📊 Buy Stop 1.41443
❌ Stop Loss 1.40445
After entering the market, Stop Loss is carried along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.