Emacorrection
GBPJPY inside day breakout with 8ema correction.Most of the pairs got inside days yesterday as the market didn't do much in 7/4.
Among them I'll be focusing on this GBPJPY as it got enough rooms for correction,
and also, there will be NFP number today so trading GBPJPY may be a better option before NFP releases.
It's rare to see a 30 pips inside day for the king of fluctuation, so it would be an attractive trade for me!
Let's see how it goes yo!
USDJPY inside day after 21ema correction, how to choose?When it comes to an ema correction, there will probably have a larger time frame trend and a smaller time frame trend that conflict with each other.
Most of the time, we respect larger time frames more so that I always say "an 8/21 ema correction won't change the original trend" .
It'll be even better to have signals like inside bars when ema correction finishes; just like this USDJPY today.
If it's able to break to the downside, it's a no-brainer short with very little risk!
On the other hand, if it's able to break to the upside, a smaller time frame uptrend will also show nice continuity!
Still it's a much better short than long for me though.
Let's see how it goes yo!
GBPUSD Harmonic patterns combination and this inside 4hrGBPUSD has a great harmonic patterns combination recently,
the bearish one perfectly caught the slump after Draghi's speaking.
Now it hit the bullish one and formed an inside 4hr, with abundant 8ema correction zoom.
That will be an interesting but risky long, while it's a good combination of harmonic patterns, inside bar, and EMA correction.
So I'll pay careful attention if it's able to break to the upside, if it breaks to the downside before breaking to the upside, this trade doesn't exist anymore.
Let's see how it goes!