USDJPY H1: The Chaos Theory Forecast for the Asian Session on 21.11.2024
21.11.2024 00:16
Technical
An analysis of the first phase of the market begins the review. The price is noted to have risen above the upper fractal on the chart. It determines the direction of the phase as northern. This signal indicates the possible start of an upward movement.
Alligator lines also have laid in a northerly direction. This is a positive signal. Bill Williams compared this indicator to a compass, which determines the prevalence of the direction of price movement.
At the same time, the Awesome Oscillator histogram is currently above the zero line.
On the Accelerator Oscillator indicator there are several green bars below the zero mark. This is a positive signal for the market. The energy of the northern direction of movement is growing.
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 determined to be northern after the price has risen above the upper fractal. Signals from other indicators strengthen this signal and prove the prevalence of the upward vector of price movement.
📊 Buy Stop 155.882
❌ Stop Loss 154.926
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.
Alligator lines also have laid in a northerly direction. This is a positive signal. Bill Williams compared this indicator to a compass, which determines the prevalence of the direction of price movement.
At the same time, the Awesome Oscillator histogram is currently above the zero line.
On the Accelerator Oscillator indicator there are several green bars below the zero mark. This is a positive signal for the market. The energy of the northern direction of movement is growing.
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 determined to be northern after the price has risen above the upper fractal. Signals from other indicators strengthen this signal and prove the prevalence of the upward vector of price movement.
📊 Buy Stop 155.882
❌ Stop Loss 154.926
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.