London Breakout Strategy – GBP/USD
In this setup, I defined a price range based on the high and low between 04:00 to 06:00 UTC, just before the London session opens. This range forms a pre-London consolidation box.
Entry (Buy): 1.35686 – Entered as the London session opened and price showed bullish momentum.
Stop Loss (SL): 1.35490 – Set just below the low of the 4–6 UTC range.
Take Profit (TP): 1.35980 – Calculated using a 1.5x risk-to-reward ratio based on the SL distance.
This strategy aims to catch early London volatility by entering on a breakout with a clear predefined risk and reward setup.
Feel free to comment and share your ideas
In this setup, I defined a price range based on the high and low between 04:00 to 06:00 UTC, just before the London session opens. This range forms a pre-London consolidation box.
Entry (Buy): 1.35686 – Entered as the London session opened and price showed bullish momentum.
Stop Loss (SL): 1.35490 – Set just below the low of the 4–6 UTC range.
Take Profit (TP): 1.35980 – Calculated using a 1.5x risk-to-reward ratio based on the SL distance.
This strategy aims to catch early London volatility by entering on a breakout with a clear predefined risk and reward setup.
Feel free to comment and share your ideas
Trade closed: stop reached
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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.
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.