Range Trading the Asian Session: AUD/JPY Playbook

Asian session range trading is one of the highest probability strategies available — here's how I structure it on AUD/JPY: **Why AUD/JPY?** It captures both the Australian and Japanese trading hours, tends to hold clearly defined ranges overnight, and has enough volatility to make range trades worthwhile. **Setup:** 1. Mark the high and low from the first 2 hours of the Asian session (midnight–02:00 GMT) 2. Wait for a touch of either extreme with a rejection candle 3. Enter at the close of the rejection candle toward the opposite extreme **Entry:** Range high/low touch with rejection wick **Stop Loss:** 15–20 pips beyond the range extreme **Take Profit:** Range midpoint first, then opposite extreme **Risk/Reward:** 1:2 to opposite extreme This fails when a major Asian news event breaks the range — check the calendar before entering. RBA, BoJ, and Chinese data are the main catalysts. Do you trade Asian session ranges? What's your preferred pair?