Asian 2 Forex Breakout Strategy

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Asian 2 Forex Breakout Strategy

This is also known as  Asian High Asian Low. Identifying the high and low of the day in Asian market is the key.
Just draw lines for the highest and lowest price between 21:00 GMT as a start and 06:00 GMT.
This is applicable to any timeframe but is recommended for GBPUSD.

Setup Entry and Exit :

EMA is the trend identifier for 1 hour chart and then base the entry in a 5 minute chart. EMA 55 spot a high probability setup.

Sell order at Asian Low (this system will usually yield at least 10 pips).

Buy order

  • 55 EMA on the hourly chart is on uptrend mode.
  • Set the buy order at the Asian High Ask Price.
  • Set the stop-loss of 30 pips away from the Asian High.
  • Set the first targeted profit at 15 pips.
  • Set the second targeted profit at the next mid-pivot price level or the next
    pivot point.
  • Move stop-loss to break even after the first target profit is hit.
  • Exit the second lot at the close of the 5-min bar if it closed lower than the nearest pivot point.

Sell Order:

  • 55 EMA on the hourly chart is on downtrend mode.
  • Set it at the Bid Price at the Asian Low.
  • Set your stop-loss of 30 pips away from the Low.
  • Set the first target profit at 15 pips and the second target profit at the next.
    mid-pivot price level or the next pivot point.
  • Move stop-loss to break even after the first target profit is hit.
  • Exit the second lot at the close of the 5-min bar if it closed higher than the nearest pivot point.

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