USDCAD H1: The Chaos Theory Forecast for the Asian Session on 25.11.2024
23.11.2024 01:16
Technical
The review begins with the analysis of the first dimension of the market. The price has fallen below the lower fractal, located outside the Alligator's mouth. Therefore, the phase space is defined as southern. The most probable price change dynamics are a price decrease. To assess the strength and energy of this movement, let's consider other dimensions of the market, according to the strategy of Bill Williams.
At the same time, the Awesome Oscillator histogram is currently above the zero line.
As it is seen the AC and AO indicators are green. There is a sign of a correction developing or of a local trend changing. The strength and energy of the downward movement are experiencing deceleration, but the price remains below the red Alligator line. That's why a downward movement is still a priority.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
To sum up, the phase space is noted to be southern, but the indicators show a signal about the possible development of a pullback movement. This possibility can be used to find entry points in the direction of the main movement at more beneficial prices.
📊 Sell Stop 1.39597
❌ Stop Loss 1.39543
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.
At the same time, the Awesome Oscillator histogram is currently above the zero line.
As it is seen the AC and AO indicators are green. There is a sign of a correction developing or of a local trend changing. The strength and energy of the downward movement are experiencing deceleration, but the price remains below the red Alligator line. That's why a downward movement is still a priority.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
To sum up, the phase space is noted to be southern, but the indicators show a signal about the possible development of a pullback movement. This possibility can be used to find entry points in the direction of the main movement at more beneficial prices.
📊 Sell Stop 1.39597
❌ Stop Loss 1.39543
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.