USDJPY H1: The Chaos Theory Forecast for the Asian Session on 27.11.2024
27.11.2024 00:16
Technical
The analysis of the current market situation shows that the phase space is defined as southern. The price has fallen below the lower fractal. This may indicate the beginning of a downward movement. To gain the information about the strength and energy of this movement, let's pay attention to the positions of other indicators on the chart.
The alligator is active and ready to hunt: its lines laid in a typical for the development of a downward movement order.
At the same time, the AO indicator remains in the negative zone.
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 152.986
❌ Stop Loss 153.961
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 alligator is active and ready to hunt: its lines laid in a typical for the development of a downward movement order.
At the same time, the AO indicator remains in the negative zone.
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 152.986
❌ Stop Loss 153.961
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.