USDCAD H1: The Chaos Theory Forecast for the Asian Session on 3.12.2024
03.12.2024 00:16
Technical
According to USDCAD, the phase space is defined as northern, since the price has risen above the upper fractal. Now we can examine signals from other market dimensions within the framework of Bill Williams' strategy.
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 latest bars on the AC and AO charts are colored red. This is a signal that the strength and energy of the upward movement have deceleration. This signal does not contradict the prevalence of the upward movement, but indicates the development of a correction.
The red bars located below the zero mark on the Accelerator Oscillator indicator show a decrease in the energy of the upward movement. However, as long as the price remains above the Alligator’s red line, the price growth is expected.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
Several red columns have been formed on the Gator indicator. This is a signal that may indicate the development of a corrective movement in the near future.
As a result, there is a northern phase space. At the same time, some indicators indicate the possible development of a pullback movement or the transition of the market to a new phase.
📊 Buy Stop 1.40890
❌ Stop Loss 1.40280
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.
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 latest bars on the AC and AO charts are colored red. This is a signal that the strength and energy of the upward movement have deceleration. This signal does not contradict the prevalence of the upward movement, but indicates the development of a correction.
The red bars located below the zero mark on the Accelerator Oscillator indicator show a decrease in the energy of the upward movement. However, as long as the price remains above the Alligator’s red line, the price growth is expected.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
Several red columns have been formed on the Gator indicator. This is a signal that may indicate the development of a corrective movement in the near future.
As a result, there is a northern phase space. At the same time, some indicators indicate the possible development of a pullback movement or the transition of the market to a new phase.
📊 Buy Stop 1.40890
❌ Stop Loss 1.40280
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.