Learn the optimal trading hours in Philippine Standard Time, how to set up your support/resistance zones, and what to check before placing your first trade of the day.
A complete guide for Filipino traders on when and how to trade EUR/USD effectively.
Sydney, Tokyo, London, New York
⏱️ 8 min readBest times to trade EUR/USD
⏱️ 5 min readWhich candles to reference
⏱️ 10 min readChart preparation guide with visuals
⏱️ 12 min readBullish, bearish & neutral setups
⏱️ 8 min readWhat to check before trading
⏱️ 10 min readSession open strategy
⏱️ 6 min readBefore every session
📋 ReferenceThe Forex market operates 24 hours a day, 5 days a week — but it's divided into four major trading sessions. Each session has different characteristics, and knowing when they occur in Philippine Standard Time (PHT/UTC+8) is crucial for Filipino traders.
The first session to open. Low volatility, mostly AUD and NZD pairs are active. EUR/USD is usually quiet during this time.
LOW VOLUME for EUR/USDAsian session focuses on JPY pairs. EUR/USD typically consolidates and forms the "Asian range" that London often breaks.
LOW VOLUME for EUR/USDThe most active session for EUR/USD! Europe wakes up and the Euro sees most of its daily volume. This is when the real moves happen.
HIGH VOLUME for EUR/USDUS session brings USD volatility. Major US economic news releases happen here. Overlaps with London for maximum action.
HIGH VOLUME for EUR/USDThis window covers the entire London session and the London-New York overlap. For EUR/USD, this is when you get the most volume, clearest trends, and best trading opportunities.
London traders break the Asian session range. Watch for breakouts above/below the Asian high/low. First major moves of the day happen here.
EXCELLENT for EUR/USDTHE BEST TIME! Both London and New York are active. Maximum liquidity, tightest spreads, and strongest trends. This is prime time for EUR/USD.
BEST TIME for EUR/USDWhy is 3PM-12AM ideal?
Click to revealMost Filipinos work during the day. The best EUR/USD hours fall in the evening (3PM-12AM PHT), so you can trade AFTER work or school without staying up all night!
Why does volume matter?
Click to revealHigh volume = tighter spreads, less slippage, and cleaner price action. During London-NY overlap, EUR/USD has the highest volume of the day — perfect conditions for trading!
When do major news drop?
Click to revealMajor EUR news: 3PM-6PM PHT (European releases). Major USD news: 8:30PM-10PM PHT (US releases like NFP, CPI). You're awake for both!
Before each trading session, you need to mark your key levels. But which candles should you reference? Here's the framework Filipino traders should use for EUR/USD.
The most important levels! Yesterday's high and low act as key support/resistance that institutional traders watch closely.
💡 Mark these EVERY day before London session opens at 3PM PHT
As the week progresses, the weekly high/low become strong levels. Very important for swing traders.
💡 Update these levels every Monday and as new highs/lows form
The high and low formed during Tokyo session (7AM-4PM PHT). London often breaks this range to start the day's move.
💡 Mark these BEFORE 3PM PHT (London open). This is fresh each day!
Round numbers like 1.0800, 1.0850, 1.0900 attract orders and act as psychological support/resistance.
💡 These are static — mark them once and they stay relevant
Use "yesterday's candle" for PDH and PDL
Track the developing weekly high/low throughout the week
Mark this range BEFORE London opens — London often breaks it!
These two H4 candles often set the direction for the session
Follow this exact process every day BEFORE 3:00 PM PHT to prepare your charts for the London session.
First thing: identify yesterday's high and low
Switch to the Daily (D1) timeframe. Find yesterday's candle (the one that closed at 5AM PHT today). Draw horizontal lines at its HIGH and LOW. Extend these lines to the right.
Identify the current week's high, low, and open
Switch to Weekly (W1) timeframe. Note the current week's HIGH (highest price so far), LOW (lowest price so far), and OPEN (Monday's opening price). These are major levels!
Identify the range formed during Tokyo session
Switch to H1 (1-hour) timeframe. Find the highest and lowest points during Asian session (7AM-3PM PHT). Draw horizontal lines at these levels. London will often break one of these!
Mark psychological price levels nearby
Add lines at nearby round numbers. Big figures (1.0800, 1.0900) are strongest. Half figures (1.0850) also matter. Price often reacts at these psychological levels!
Your chart should look like this before London opens
Your chart is now ready! You have all key levels marked: Weekly High/Low (purple), PDH/PDL (green/red), Asian Range (pink), and Round Numbers (blue). Now wait for 3PM PHT and watch what London does!
Before placing any trade, you need to understand where the market is likely to go. Here are the key scenarios with visual examples.
Before you place any trade, you need to understand where the market is and where it might go. Here are the first things to check before London session opens.
Is price above or below yesterday's high/low? Above PDH = bullish bias. Below PDL = bearish bias. Between them = neutral/ranging.
Did Tokyo push up, down, or consolidate? London often reverses or extends the Asian move. Know the Asian high/low before 3PM.
Check the economic calendar! Major EUR news (ECB, inflation) or USD news (NFP, FOMC) can override technical analysis.
Check the Daily and H4 charts. Trading WITH the trend has higher probability. Don't fight a strong daily trend.
Mark PDH, PDL, weekly levels, and round numbers. Know where price might reverse or break out.
Before market opens, write down: What setups are you looking for? Where would you enter? Where's your stop? Where's your target?
One of the biggest mistakes new traders make is jumping in right at session open. Here's how long you should wait and what to watch for.
Wait 15-30 minutes AFTER the news release before trading. News creates wild spikes and spreads widen dramatically. Let the dust settle, then look for your setup. Example: If US CPI is at 8:30 PM PHT, don't trade until at least 9:00 PM PHT.
Non-Farm Payrolls (8:30 PM PHT) is the biggest USD news of the month. Many traders avoid trading EUR/USD entirely on NFP day, or wait until at least 9:30-10:00 PM PHT when the initial volatility subsides. The move can be 50-100+ pips in minutes!
The market opens Sunday 11:00 PM PHT with potential gaps and thin liquidity. Wait until Monday's London session (3:00 PM PHT) for the first real moves. Many professionals don't trade Monday Asian session at all.
Complete this checklist BEFORE 3:00 PM PHT every trading day:
Best time to trade EUR/USD: 3:00 PM - 12:00 AM PHT (London session + London-NY overlap)
Prime time: 9:00 PM - 12:00 AM PHT (London-NY overlap = maximum volume)
Mark these levels daily: PDH, PDL, Asian High/Low, Weekly High/Low, Round Numbers
Wait 30-60 minutes after London opens before taking trades — avoid the initial noise
Check the economic calendar every day — avoid trading during major news if inexperienced
Don't sacrifice sleep! You don't need to trade until 6AM. The best setups happen before midnight.
This content is for educational purposes only and should not be considered financial advice. Forex trading involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Always practice on a demo account first and never risk money you cannot afford to lose.