[Modded] London Breakout
Going back to a simpler time of S/R.
Identifying the day's first H/L from open to close (Blue Arrow; Around the first 5 hours) until either side breaks out (Yellow Arrow), mixed with directional indicators seems to point at a 70% chance of success by processing hour. (Green Check for a win or Red X for a lose.) Not so much in the range but I suppose it's worth a shot sometime next week. Nothing fancy, just get as close to the price open/close, and away from the wicks. Try this in demo.
GBPUSD
Identifying the day's first H/L from open to close (Blue Arrow; Around the first 5 hours) until either side breaks out (Yellow Arrow), mixed with directional indicators seems to point at a 70% chance of success by processing hour. (Green Check for a win or Red X for a lose.) Not so much in the range but I suppose it's worth a shot sometime next week. Nothing fancy, just get as close to the price open/close, and away from the wicks. Try this in demo.
GBPUSD
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.