My friends and I used to start trading when the European session opened. However, over the past 6 months we have found that the EUR/USD and GBP/USD start moving rapidly in the last 2 hours of the Asian session. Who is moving the market before the European traders reach their computers?
At the end of the Asian session a lot of traders liquidate their positions, taking profits or cut loses.There is also a lot of new positions being taken before the new session kicks in.
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