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1 Hour Breakout USD/JPY Open Breakout Strategy 🖖

By on September 7, 2020 0 196 Views
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1 Hour Trading Strategy In Forex With USDJPY – Asian Session. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE USD/JPY 1 Hour Breakout Strategy. Let’s look at the 1 hour trading setup where we look for a breakout. The advantage of this strategy is that we only need to look at one forex pair, one timeframe and a particular hour of the day. USD/JPY 1 Hour Breakout Strategy. We are looking at the first hour of the Asian session and we are going to bracket the high and low of that initial hour. So we are going to put a stop entry long a couple of pips above the high and a stop entry short a couple of pips below the low. The idea is that once we have that initial hour of trade, we have the high or low; we are going to enter on the subsequent break of that high or of that low and our stop is going to be the [high minus the low]. What you don’t want is to be caught in by touching the high – you want it to break thru. This strategy will not work all the time every time.

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