EURUSD H1: The Chaos Theory Forecast for the European Session at 31.12.2024
31.12.2024 09:16
Teknikal
The price has fallen below the lower fractal on the EURUSD chart. This means the phase space is defined as southern. Against this background, the downward movement development is considered as prevalent. To assess the prospects for the development of this movement, let's examine other market dimensions.
The AO indicator shows an inverted Saucer. This is a signal indicating a possible resumption of the downward movement. During the southern phase of the market, entry points can be considered after the price falls below the local minimum.
The red bars located above the zero line on the Accelerator Oscillator indicator show an increase in energy of the southern phase of the market.
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 1.03891
❌ Stop Loss 1.04117
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 shows an inverted Saucer. This is a signal indicating a possible resumption of the downward movement. During the southern phase of the market, entry points can be considered after the price falls below the local minimum.
The red bars located above the zero line on the Accelerator Oscillator indicator show an increase in energy of the southern phase of the market.
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 1.03891
❌ Stop Loss 1.04117
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.