This strategy tries to predict false breakouts in the market and trades the correction. Pairs: Any of the major Yen (JPY) crosses. Indicators Used: EMA, ATR, Historical Candles. Logic: On a 30 minute chart, the strategy will keep checking the last 5 candles on close. If on an upward trend, once the highest high of the last 5 candle closes is reached, a sell position is opened at the open of the next 30-minute candle. The stop loss is set at 3 times the 24-hour ATR. It is reduced to 150pips should need be. For a buy position the inverse of the latter is considered. I.e. once the lowest low of the last five 30-minute candle is reached and the EMA shows a trend reversal. Signal Filter: Includes 2 EMA and time filter. The strategy will only consider signals between 06:00GMT and 22:00GMT. It does not trade on Friday so as to prevent possible margin cuts due to reduced weekend leverage. For a buy signal to be accepted the fast EMA must have crossed the slow EMA from below and the reverse for a sell signal. Trade Management: A take profit of 10 pips is set at trade open. However if a 5 period high/low is reached in the subsequent candles, the position is closed regardless of the number of pips as long as it beats the open price.