London Breakout Strategy – GBP/USD (June 9)
Today’s setup follows the same logic: I marked the high and low between 04:00 to 06:00 UTC to define the pre-London range. Once the London session opened and bearish momentum appeared, I took a sell trade.
Entry (Sell): 1.34820 – Entered as price broke below the early range with momentum.
Stop Loss (SL): 1.35462 – Placed just above the high of the 4–6 UTC range.
Take Profit (TP): 1.33855 – Based on a 1.5x reward relative to the stop-loss distance.
This strategy is designed to capture London session breakouts with a clear structure and defined risk.
Feel free to comment and share your ideas...
Today’s setup follows the same logic: I marked the high and low between 04:00 to 06:00 UTC to define the pre-London range. Once the London session opened and bearish momentum appeared, I took a sell trade.
Entry (Sell): 1.34820 – Entered as price broke below the early range with momentum.
Stop Loss (SL): 1.35462 – Placed just above the high of the 4–6 UTC range.
Take Profit (TP): 1.33855 – Based on a 1.5x reward relative to the stop-loss distance.
This strategy is designed to capture London session breakouts with a clear structure and defined risk.
Feel free to comment and share your ideas...
Trade closed manually
ill close manually in 20 min right now is 20 pip negative..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.