GBPUSD H1: The Chaos Theory Forecast for the European Session at 21.11.2024
21.11.2024 09:01
Technical
At the moment, the further direction of movement for GBPUSD is not defined. The phase space remains undefined. It is worth being patient and waiting for the price to rise above the upper fractal or fall below the lower fractal.
The alligator remains active, indicating a possible continuation of movement in the market.
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 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 not defined. Therefore, it is worth ignoring the signals of other indicators for now and waiting for the breakdown of one of the fractals. This is a predictive event that will help determine the market phase and the priority direction of price movement.
📊 Buy Stop 1.26598
❌ Stop Loss 1.26564
✔️ Sell Stop 1.26498
❌ Stop Loss 1.26555
After entering the market, Stop Loss is moved along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when impulse weakening signals appear on the AO, AC, Gator indicators.
The alligator remains active, indicating a possible continuation of movement in the market.
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 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 not defined. Therefore, it is worth ignoring the signals of other indicators for now and waiting for the breakdown of one of the fractals. This is a predictive event that will help determine the market phase and the priority direction of price movement.
📊 Buy Stop 1.26598
❌ Stop Loss 1.26564
✔️ Sell Stop 1.26498
❌ Stop Loss 1.26555
After entering the market, Stop Loss is moved along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when impulse weakening signals appear on the AO, AC, Gator indicators.