USDJPY RANGE FILL ANALYSIS EXPLANATION

Hi Guys,

I would like to introduce you to the Range fill analysis in Combination to exponential moving averages cross
This USDJPY analysis is based on 1HR timeframe, with the Exponential Moving Averages (emas) the confluence for our great analysis.

Based on 1 hr the bair is from consolidation and brought about an emerged uptrend move as the ema cross theory says, when the 14ema (blue in colour) crosses the 50 ema (red in colour from below) it indicates strong bullish momentum of the particular price.

In my previous chart of the BTCUSD DAILY ANALYSIS I explained of how one can trade the range fill, which is the distance from the earliest previous high from the existing support which the current price is likely to reach. In our case the earliest previous high is 109.700 current price is at around 108.720 with the ema cross confluence which indicates the price has the potential to rise.

So in this case, the range fill concepts suggest of no any middle resistance to stop the price from reaching into its previous high, and therefore the distance from the existing price and its previous high is the buy opportunity

Trade Setup: 14ema cross 50ema from below (BUY)

Buy entry should be at 108.850
Stop loss, should be at 108.500
Take profit should be at 109.700

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