Marking an Asian range, described
An illustrative sequence in words, with round numbers standing in for price. It is not taken from any real instrument or date.
- 1. SessionA trader in the UK marks the Asian session from 00:00 to 09:00 UK time on a winter weekday.
- 2. RangeA pair trades between 100 and 104 through those hours - a narrow range compared with the previous day.
- 3. LondonAfter 08:00 London time, price trades above 104, then falls back inside the range within the hour.
The range gave the trader two reference levels, not a forecast. The break above 104 might have continued, reversed, or done both on different days. The level is a place to pay attention, nothing more.