Asian session Breakout Strategy became very famous for professional day traders now.
Prices during Asian session mostly don’t move much, once European session starts, prices will move strongly on one direction, 90% of breakout direction it will continue on European and American sessions.
Indicator show you Asian session movement inside white box, also show you up and down borders (prices) of the box. Indicator show you how many ranging pips for the box.
Just wait till breakout candle closed, to be sure it’s genuine breakout, then place your order on the direction of breakout. Your SL must adjusted slightly above or below another box border.