The European trading session is one of the most favorable for traders. It offers high volatility while the market behaves quite predictably, unlike the American session. That is why most traders start trading with the opening of the London Stock Exchange.
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Trading during each trading session is different. To improve your overall performance, you should choose a separate strategy for each session or open all trades during the same time every day. Today we’ll talk about the Scalping strategy for the Asian session.
Today we will talk about a strategy that is called "Cherry Blossom". Many traders unfairly forget it, but it can benefit you. My Asian forex mentor once showed me one of the best Asian session forex trading strategies. The main idea is the following: American session usually leads the way, and your open positions will follow the direction during the Asian one. You will also need Fibonacci retracement levels.
Back to our gold rush! Today we will continue to talk about the XAUUSD pair and finally find out what strategy you can use in trading.
