Inside bar after new high is always one of my favorite trades especially when it already finished 8EMA correction.
Of course, this kind of trade will long something at an unbelievable high price, but all it wants is the momentum to bring us to the 1:1 area.
To be clear, the message of this kind of trade is "if it can break to the upside, I would like to long", rather than "I think it can break to the upside to let me long".
Never predict, recognize and participate in a trend!