GBPUSD H1: The Chaos Theory Forecast for the Asian Session on 15.11.2024
15.11.2024 00:16
Technical
The price has fallen below the lower fractal on the GBPUSD 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.
On the chart of the AO indicator, there is the zero line crossing from top to bottom. This is a sign indicating the market has sufficient strength to continue the movement in a southern direction.
The red bars located above the zero line on the Accelerator Oscillator indicator show an increase in energy of the southern phase of the market.
Signals from the AC and AO indicators indicate that the market has sufficient strength and energy to reduce the price further.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
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 1.26294
❌ Stop Loss 1.27002
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.
On the chart of the AO indicator, there is the zero line crossing from top to bottom. This is a sign indicating the market has sufficient strength to continue the movement in a southern direction.
The red bars located above the zero line on the Accelerator Oscillator indicator show an increase in energy of the southern phase of the market.
Signals from the AC and AO indicators indicate that the market has sufficient strength and energy to reduce the price further.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
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 1.26294
❌ Stop Loss 1.27002
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.