Kinnari_Prajapati
Long

Buy trade SETUP, for British Pound / Japan Yen (GBP JPY).

FX:GBPJPY   British Pound / Japanese Yen
FEEL FREE TO COMMENT IF ANY QUERY OR SUGGESTION.


In the chart, plotted value is for GBP/JPY which has stronger CONTROL PRICE, value HIGH and value Low. The "Control Price" has complete control 1 to 7 as seen in the chart.

  • 1) The 3 excesses detected at Value High and after the (h) excess with price rotation sellers have complete control over the value.

  • 2) Already existed 5 excesses at a value low and going to create (i) excess expected.

CONCLUSION of analysis: 135 to 137.5, found any tail will create buyers attraction and smart money will come at that level. Other words, if DOJI detects the below the value low, then take your entry. The 100% price get pullback toward the control price.
Trade active: The call is going to active, long term trader can start entering into it.
Excess?? There is no such thing in Forex - that is not a stable conclusion for analysis
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@ForexFien, Are you asking me about excess or you are saying me there are not any things like excess, and technical in forex?
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ForexFien Kinnari_Prajapati
@Kinnari_Prajapati, Im saying that there is no such thing - you cant force a channel when it isn't there. You're simply calling it excess to validate your channel. WHICH YOU CANT IT IS INVALID
Reply
@ForexFien, Do you know what is excess and what is happening inside when creating excess? How excess is exist in the channel?
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@ForexFien, The excess price you have seen in the above examples, that takes shape above or below a value area, can be interpreted in the following way. It shows the footprint of the long term trader and his intentions. It reveals clear supply and demand zones. As a result, they will serve as strong support or resistance levels. It shows the rejection of a price level.
Reply
ForexFien Kinnari_Prajapati
@Kinnari_Prajapati, I admit i was wrong :) -GOOD SETUP But I still dont believe there is anything such as overflow simply move the support of the channel down...
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