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🛑🚨Convert $10 to Daily Income $100 | Crypto Trading Strategy🚨🛑
🛑🚨Session Momentum Strategy in Trading 📈
👉In the dynamic world of Crypto currency/ Forex trading, strategies incorporating session open momentum hold significant appeal. This post delves into a compelling example using Trading-View indicators to visualize trading sessions. Specifically, we examine the EUR/USD chart during the UK trading session.
🗣️Visualizing Sessions
👉The UK session, marked by a green background, heralds increased volatility. Notably, the prior bullish trend during the Asian session sets the stage for potential trend-following opportunities.
🗣️Identifying Trading Signals
👉Traders keen on bullish continuation await a breakout above a new higher high, demarcated by a black horizontal line. In our example, this breakout occurs within the initial hour of the US session, aligning with session open momentum theory.
🗣️Risk Management
👉For risk mitigation, aggressive traders may opt for a stop loss below the breakout level. Alternatively, a more conservative approach involves placing the stop loss below the last swing low.
🗣️Timing Considerations
👉Timing plays a pivotal role. Many traders prefer exiting before 12 pm lunchtime in the UK, anticipating a reduction in trading activity. This strategy provides a valuable starting point for backtesting, allowing traders to comprehend market behavior during different daily session times.
