The New York trading may be a tough session in the Forex market. First, in this trading session, there is a lot of economic data releases and all these releases can influence the price movements in the market. Second, because of these events that happen in this trading session, at least it can continuously affect the price movements in other sessions especially to London and Tokyo sessions.
However, do not worry about these facts if you are still decide to trade during Exit Indicator this time because there are also some pairs which you can open trades when they have good candlestick formations or signals from their technical indicators.
What time does the New York Forex Session Open?
Cable – This pair is one of favorite pair among traders to trade during the New York session. The reason for this is because the Cable (GBP/USD) has been very volatile and it moves a lot during this time. So, if you are looking for a pair that can give you a good pips, then you should consider trading the Cable.
EUR/JPY – This is another volatile pair which moves a lot during the New York session CC Squeeze. And, like the Cable, this pair can also give you a good amount of pips if you trade it correctly.
New York Breakout Strategy: Trading the ‘Overlap’
AUD/CAD – This is also a good pair to trade during the New York session because it usually trend well in this session. And, because of that, you can get some good trades by using the correct trading strategies.
NZD/USD – This pair is also good to trade during the New York session because it usually moves a lot and gives good opportunities for traders.
So, if you are looking for pairs to trade during the New York session, then these five pairs are the best ones that you can consider. Just remember to always use proper risk management when trading these pairs, and you will be able to make some good profits from them.