GBPUSD H1: The Chaos Theory Forecast for the American Session on 25.11.2024

25.11.2024 15:46
Teknikal
The price has risen above the upper fractal located above the Alligator's mouth on the chart. Due to this signal, we define the phase space as a northern one and can examine the following 3 dimensions of the market.
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.
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 1.26066
❌ Stop Loss 1.25742
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.