USDCAD H1: The Chaos Theory Forecast for the American Session on 14.11.2024
14.11.2024 15:31
Teknikal
First of all, let's examine the first market dimension which is a key point in determination the further strategy of behavior of a trader or investor within the framework of Bill Williams' strategy. The price has risen above the upper fractal on the current chart. This defines the phase space as northern. It may indicate the formation of an upward movement. To assess its potential, the signals from other market dimensions should be examined.
The Alligator indicator confirms the positive market sentiment. The Alligator's mouth is open. It's hungry. Against this background, the price may continue to rise.
The AO indicator is still above the zero mark.
There is a series of green bars below the zero mark on the AC indicator. A positive signal indicate an increase in energy of the movement in the northern direction.
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.
Let's summarize. The phase space is defined as northern. The same direction of movement is predominantly proved by other indicators. Against this background, intraday it is worth considering the long positions.
📊 Buy Stop 1.40174
❌ Stop Loss 1.39979
After entering the market, Stop Loss is carried along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.
The Alligator indicator confirms the positive market sentiment. The Alligator's mouth is open. It's hungry. Against this background, the price may continue to rise.
The AO indicator is still above the zero mark.
There is a series of green bars below the zero mark on the AC indicator. A positive signal indicate an increase in energy of the movement in the northern direction.
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.
Let's summarize. The phase space is defined as northern. The same direction of movement is predominantly proved by other indicators. Against this background, intraday it is worth considering the long positions.
📊 Buy Stop 1.40174
❌ Stop Loss 1.39979
After entering the market, Stop Loss is carried along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.