USDCAD H1: The Chaos Theory Forecast for the Asian Session on 27.11.2024
27.11.2024 00:16
Technical
The review of the USDCAD chart traditionally begins with the analysis of the first dimension of the market. The price has risen above the upper fractal. It means the phase space is defined as southern. Accordingly, now other market dimensions can be examined to assess the opportunities for trading positions opening.
The AO indicator is still above the zero mark.
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 southern phase space. At the same time, the signals from other indicators indicate the possible development of a correction. This situation should be used to enter the market at better prices.
📊 Sell Stop 1.40527
❌ Stop Loss 1.40794
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 AO indicator is still above the zero mark.
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 southern phase space. At the same time, the signals from other indicators indicate the possible development of a correction. This situation should be used to enter the market at better prices.
📊 Sell Stop 1.40527
❌ Stop Loss 1.40794
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.