USDCAD H1: The Chaos Theory Forecast for the Asian Session on 14.11.2024
14.11.2024 00:16
Technical
First of all, let's examine the first market dimension which is a key point in determination the further strategy of behavior of a trader or investor within the framework of Bill Williams' strategy. The price has risen above the upper fractal on the current chart. This defines the phase space as northern. It may indicate the formation of an upward movement. To assess its potential, the signals from other market dimensions should be examined.
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.
On the AC indicator there is a series of red bars above the zero line. This is a negative signal for the market. It indicates a decrease in the energy of movement in the northern direction. However, the upward movement 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 1.40021
❌ Stop Loss 1.39548
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.
On the AC indicator there is a series of red bars above the zero line. This is a negative signal for the market. It indicates a decrease in the energy of movement in the northern direction. However, the upward movement 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 1.40021
❌ Stop Loss 1.39548
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.