GBPUSD H1: The Chaos Theory Forecast for the American Session on 3.12.2024
03.12.2024 15:46
Technical
The further direction of movement for GBPUSD hasn't been defined yet. The phase space remains undefined. Against this background, it's worth being patient and waiting for the price to rise above the upper or to fall below the lower fractal. This is an important prognostic event that will determine the prevalence of the further price movement direction. Until there is certainty in the phase space, signals from other market dimensions are ignored.
The current chart shows the closed mouth of the Alligator, which indicates market uncertainty. In that case, it is worth staying out of the market and waiting for the Alligator to wake up. The Active Alligator represents a good earning opportunity.
At the same time, the Awesome Oscillator histogram is currently above the zero line.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
Let's summarize. The phase space is not defined. Therefore, it is worth ignoring the signals of other indicators for now and waiting for the breakdown of one of the fractals. This is a predictive event that will help determine the market phase and the priority direction of price movement.
📊 Buy Stop 1.26965
❌ Stop Loss 1.26554
✔️ Sell Stop 1.26392
❌ Stop Loss 1.26595
After entering the market, Stop Loss is moved along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when impulse weakening signals appear on the AO, AC, Gator indicators.
The current chart shows the closed mouth of the Alligator, which indicates market uncertainty. In that case, it is worth staying out of the market and waiting for the Alligator to wake up. The Active Alligator represents a good earning opportunity.
At the same time, the Awesome Oscillator histogram is currently above the zero line.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
Let's summarize. The phase space is not defined. Therefore, it is worth ignoring the signals of other indicators for now and waiting for the breakdown of one of the fractals. This is a predictive event that will help determine the market phase and the priority direction of price movement.
📊 Buy Stop 1.26965
❌ Stop Loss 1.26554
✔️ Sell Stop 1.26392
❌ Stop Loss 1.26595
After entering the market, Stop Loss is moved along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when impulse weakening signals appear on the AO, AC, Gator indicators.