How To Spot Price Action Setup Around 8ema And 21ema

In this forex trading lesson, am going to share with you Price action Trading setup around the

EMA that drive the market. Price action is more active around the 8ema and 21ema. Price action setup above or below is a sign of confirmation for continuation or reverse trend.

The price action setup are:

Inside the bar, outside bar and fakey setup.

The inside bar is also a great trend rider signal, the first way to trade the inside bar setup around the 8ema and 21ema can be used to set up a continuation or reverser signal.    

                                 

Example is below.

Fakey setup trading is a great price action setup the indicate the rejection of trend from important support or resistance level.                                                                                                        

Example is below:

Outside bar is also one of my favorite price action setup strategy. If outside bar form around the ema the trend is expected to move the direction predicted.                                                             

An example is below.

Inclusion as you see from the three examples above, forex trading does not have to be complicated or involve confusing indicators all over your charts. Once you master a few solid price action setup like the ones above and the others in my forex trading course, you will be well on your way to becoming a more confident and profitable trader. Just remember, mastering these setup will require patience and discipline.