Trend reversals depending on trading sessions.

It's rare forex traders to associate a trading session with a trend reversal and the disruption it brings.

But in reality, the forex market is no less tied to fundamental news than the stock market, and these events can have just as strong an impact on exchange rates as they do on stock prices.

Therefore, it's possible to observe how a significant event changes the exchange rate of a given currency pair, with a clear correlation between currency pairs and the sessions in which the reversal occurs.

Trend reversals most often occur during sessions that coincide with the business hours of banks and government agencies in the countries that issue the currency.

For example, changes in the dollar exchange rate most often occur during the US session, while the Japanese yen exchange rate most often changes during the Asian trading session.

This is not to say that these currencies are not influenced by news at other times of the day, but during sessions that coincide with working hours in the US and Japan, this influence will be stronger.

For this reason, if you prefer intraday trading It is advisable to select currency pairs from countries whose working hours do not coincide with your trading hours.

Which currency pairs are safer to trade in Moscow?

As it turns out, there are quite a few such assets, the main thing is to approach their selection thoughtfully:

• AUD/NZD - Australian Dollar. The New Zealand dollar can be traded from 10:00 AM to 11:00 PM Moscow time. This is when major news for these currencies is released, and a trend reversal is highly likely.
• AUD/JPY - Australian Dollar Japanese Yen is suitable for trading from 12:00 to 01:00 Moscow time.
• NZD/JPY - New Zealand dollar. Japanese yen is recommended for trading from 12:00 to 23:00 Moscow time.

You can also independently find a dozen more currency pairs that you can trade during the day. If you prefer trading at night, then currency pairs that include European currencies become available to you.

By using this principle, you significantly reduce the likelihood of surprises with open trades, but even in this case, don't forget about stop losses or trailing stops.

Learn about the European session trading strategy at http://time-forex.com/strategy/treyding-evroses