1 Hr USDJPY Forex Trading Strategy-A Simple Asian Session Breakout Strategy

This 1 Hr USDJPY Forex Trading Strategy is a very simple Asian Session Breakout forex trading strategy based on price action trading using the 1 hr candlestick.

  • No indicators are required.
  • Timeframes: only the 1hr chart
  • Currency Pairs: Only USDJPY

Trading Rules

Here are the trading rules of the this forex trading system:

  1. Wait for the first hour candlestick of the Asian Trading Session to close on theUSD/JPY currency pair.
  2. the place 2 separate pending orders:  a sell stop and buy stop pending orders on both sides exactly at 2 pips from the low and high respectively.
  3. you stop loss should be the distance of that 1 hour candlestick plus 2 pips.
  4. When one pending order is activated, you should cancel the other one immediately.
  5. Aim for a take profit of 20 pips.

1 Hour USDJPY Forex Trading Strategy Sell Setup Example

Here’s and example of a sell trade setup of this USDJPY forex trading strategy:

1 Hour USDJPY Forex Trading Strategy


1 Hour USDJPY Forex Trading Strategy Buy Setup Example

Here’s a buy trading setup example:

1 Hour USDJPY Forex Trading Strategy Trading Technique Buy Setup


Advantages of the 1hr USDJPY Forex Trading Strategy

  • Simple price action trading system easy to understand and follow.
  • you only have to trade one trade a day and this minimizes overtrading

Disadvantages of the 1hr USDJPY Forex Trading Strategy

  • risk:reward ratio not that great at most, it will be 1:1
  • choppy or ranging asian market can be an issue here triggering your stop loss.

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