USDJPY H1: The Chaos Theory Forecast for the American Session on 30.12.2024
30.12.2024 15:46
Technical
The price has fallen below the lower fractal on the USDJPY chart. This means the phase space is defined as southern. Against this background, the downward movement development is considered as prevalent. To assess the prospects for the development of this movement, let's examine other market dimensions.
The Awesome Oscillator indicator crossed the zero line from top to bottom. This signal indicates that there is strength to continue the movement in the southern direction.
The two red bars are located below the zero line on the AC indicator. This signals an increase in energy of movement in the southern direction.
The AC and AO indicators are in the red zone, which indicates that there are strength and energy to continue the downward movement.
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 157.482
❌ Stop Loss 157.766
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 crossed the zero line from top to bottom. This signal indicates that there is strength to continue the movement in the southern direction.
The two red bars are located below the zero line on the AC indicator. This signals an increase in energy of movement in the southern direction.
The AC and AO indicators are in the red zone, which indicates that there are strength and energy to continue the downward movement.
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 157.482
❌ Stop Loss 157.766
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.