FMA successful again (Full Market Analysis + Volume Data)

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FMA successful again (Full Market Analysis + Volume Data)British Pound vs Japanese YenICMARKETS:GBPJPYfullermarketanalysisPrevious analysis and execution were successful, however with a break even 0% roi (risk management) The analysis concluded a bullish bias/sentiment in yesterday's market and I appreciate AMT's Market Volume Analysis for providing that insight. Yesterday's market correlation to how price behaved between 8am and 10:30am (which is critical for GJ's market perception for the day) was spot on. Although my chart trade hit break even, the analysis was correct. I am interested to see how much more I will learn from Market Volume Analysis. FMA (Fulla Market Analysis): The 1-minute market cycled 7 times with 3 change of character switches before I got a solid confirmation for a buy entry. In the end, the trade broke even. That was kind of annoying. Only buy trades were considered due to bullish sentiment from the start of the trading day's output. MVA (Market Volume Analysis): Initial balance closed within the previous day's fair value range. After an hour of business between buyers & sellers to start the trading day, buyers accepted higher price values than the previous day's price values. This initiated price discovery in the market, with appreciation of price. As a result, the day of Wed20May26 was considered a bullish day above the previous day's point of control. So, for any existing strategy on the planet, buy opportunities may be more promising than sell opportunities. NB: Price values in this published idea for testing FMA & market volume are based on IC Markets' market data feed. Our usual, general major published ideas is on OANDA's market data feed.