USDJPY H1: The Chaos Theory Forecast for the European Session at 26.11.2024
26.11.2024 09:16
Teknikal
The price has fallen below the lower fractal on the USDJPY chart. This means the phase space is defined as southern. Against this background, the downward movement development is considered as prevalent. To assess the prospects for the development of this movement, let's examine other market dimensions.
The Alligator confirms the signal of the first phase of the market: its mouth is open.
The Awesome Oscillator indicator has consolidated below the zero mark.
The last bars on the AC and AO charts are green. The indicators signal that the strength and energy of the southern impulse are experiencing a deceleration. It can be either a reversal of the local trend or a signal about the development of a correction. However, while the price is below the Alligator indicator, the movement in the southern direction remains prevalent.
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 an epilogue to the analysis, the southern direction of price movement is noted to be considered as a priority. At the same time, the indicators contain signals about the possible development of a correction, which should be used to search for entry points at more beneficial prices.
📊 Sell Stop 153.542
❌ Stop Loss 154.178
After entering the market, Stop Loss is moved along the red line after closing each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.
The Alligator confirms the signal of the first phase of the market: its mouth is open.
The Awesome Oscillator indicator has consolidated below the zero mark.
The last bars on the AC and AO charts are green. The indicators signal that the strength and energy of the southern impulse are experiencing a deceleration. It can be either a reversal of the local trend or a signal about the development of a correction. However, while the price is below the Alligator indicator, the movement in the southern direction remains prevalent.
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 an epilogue to the analysis, the southern direction of price movement is noted to be considered as a priority. At the same time, the indicators contain signals about the possible development of a correction, which should be used to search for entry points at more beneficial prices.
📊 Sell Stop 153.542
❌ Stop Loss 154.178
After entering the market, Stop Loss is moved along the red line after closing each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.