Trade With Volume
Knowing when the market is active and when it is not can make a lot of difference. Starting with the Japanese market opening builds the foundation for the rest of the day.
You're likely to observe movement in USDCAD around 10:30 IST. However, I usually wait until the 4-hour candlestick closes at 13:30 IST. The real action tends to happen during the USA market opening, which occurs from 18:30 IST to 22:30 IST. Typically, I make my trades either at 13:30 IST or 18:30 IST, aligning with these significant market events.
Important times to note are 10:30, 13:30, 18:30, 19:30, and 22:30 IST. During these time market is most liquid.
14:30-16:30 IST- Europe market
18:30-19:30 IST- USA market
Here, I am mentioning summer time.