USDJPY H1: The Chaos Theory Forecast for the European Session at 21.11.2024
21.11.2024 09:16
Technical
The price has fallen below the lower fractal on the chart. This defines the phase space as southern. Accordingly, the most probable scenario for the price change is its decrease. To assess the prospects for the development of this movement, other market dimensions will be analyzed.
The Awesome Oscillator indicator has consolidated below the zero mark.
It is also worth noting that the last few bars are green on the AC indicator. However, the histogram is below the zero mark. This signal can indicate both: the correction development or a reversal of the movement. Nevertheless, a downward movement remains prevalent as long as the price remains below the Alligator's red line.
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 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 154.552
❌ Stop Loss 155.133
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 Awesome Oscillator indicator has consolidated below the zero mark.
It is also worth noting that the last few bars are green on the AC indicator. However, the histogram is below the zero mark. This signal can indicate both: the correction development or a reversal of the movement. Nevertheless, a downward movement remains prevalent as long as the price remains below the Alligator's red line.
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 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 154.552
❌ Stop Loss 155.133
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.