An analysis of the first phase of the market begins the review. The price is noted to have risen above the upper fractal on the chart. It determines the direction of the phase as northern. This signal indicates the possible start of an upward movement.
The Awesome Oscillator indicator has consolidated below the zero mark.
On the Accelerator Oscillator indicator, the last bars are colored green and located above the zero line. This is a sign that the market has enough energy to continue the movement in northern direction.
As it is seen, the AC and AO indicators are in the green zone, which indicates that there is enough strength and energy to continue the movement in the northern direction.
The last formed bar on the AO, AC and Gator indicators is colored green. This signal may indicate a strengthening of positive market sentiment. Traders may consider this as a confirmation of the current upward movement and weigh options to open or increase long positions.
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 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 0.79031
❌ Stop Loss 0.78919
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.
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