5 Forex Trading Strategies with Examples
However, from my experience, consolidations prior to entering the Asian session are frequent. Now that I know the buyers/sellers are about to jump in one direction, I’ll put a sell order below the lowest low. Unfortunately, breakouts and breakdown in the Asian session are very likely to turn into fakeouts. Some traders do not have the necessary patience and close their trades too early. Imagine for example, that you had a bearish outlook on stocks in early 2018. You shorted…