USDJPY H1: The Chaos Theory Forecast for the American Session on 22.11.2024
22.11.2024 15:46
Technical
The analysis of the current market situation shows that the phase space is defined as southern. The price has fallen below the lower fractal. This may indicate the beginning of a downward movement. To gain the information about the strength and energy of this movement, let's pay attention to the positions of other indicators on the chart.
On the chart of the AO indicator, there is the zero line crossing from top to bottom. This is a sign indicating the market has sufficient strength to continue the movement in a southern direction.
The two red bars located below the zero line on the Accelerator Oscillator indicator show an increase in energy in 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 154.221
❌ Stop Loss 154.418
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.
On the chart of the AO indicator, there is the zero line crossing from top to bottom. This is a sign indicating the market has sufficient strength to continue the movement in a southern direction.
The two red bars located below the zero line on the Accelerator Oscillator indicator show an increase in energy in 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 154.221
❌ Stop Loss 154.418
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.