EURUSD H1: The Chaos Theory Forecast for the Asian Session on 3.12.2024
03.12.2024 00:16
Technical
The review of the EURUSD chart traditionally begins with the analysis of the first dimension of the market. The price has risen above the upper fractal. It means the phase space is defined as southern. Accordingly, now other market dimensions can be examined to assess the opportunities for trading positions opening.
The Alligator confirms the signal of the first phase of the market: its mouth is open.
The Awesome Oscillator indicator has consolidated below the zero mark.
The last bars on the AC and AO charts are green. The indicators signal that the strength and energy of the southern impulse are experiencing a deceleration. It can be either a reversal of the local trend or a signal about the development of a correction. However, while the price is below the Alligator indicator, the movement in the southern direction remains prevalent.
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.
A series of red bars is drawn on the Gator indicator. This signal shows the formation of a correction.
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 1.04605
❌ Stop Loss 1.05269
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 Alligator confirms the signal of the first phase of the market: its mouth is open.
The Awesome Oscillator indicator has consolidated below the zero mark.
The last bars on the AC and AO charts are green. The indicators signal that the strength and energy of the southern impulse are experiencing a deceleration. It can be either a reversal of the local trend or a signal about the development of a correction. However, while the price is below the Alligator indicator, the movement in the southern direction remains prevalent.
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.
A series of red bars is drawn on the Gator indicator. This signal shows the formation of a correction.
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 1.04605
❌ Stop Loss 1.05269
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.