London Breakout Strategy – GBP/USD (June 11)
In this trade, I used my usual approach by identifying the price range between 04:00 and 06:00 UTC to mark the consolidation zone before the London session.
As the London session opened, price showed bearish movement, breaking below the range. I entered a sell trade based on the breakout.
Entry (Sell): 1.34672 – Triggered as price moved below the consolidation zone.
Stop Loss (SL): 1.34917 – Set just above the early range high for controlled risk.
Take Profit (TP): 1.34305 – Targeting 1.5x the SL distance to maintain a solid risk-to-reward ratio.
This setup aims to take advantage of early London volatility with tight risk management and directional momentum.
Feel free to comment and share your ideas
In this trade, I used my usual approach by identifying the price range between 04:00 and 06:00 UTC to mark the consolidation zone before the London session.
As the London session opened, price showed bearish movement, breaking below the range. I entered a sell trade based on the breakout.
Entry (Sell): 1.34672 – Triggered as price moved below the consolidation zone.
Stop Loss (SL): 1.34917 – Set just above the early range high for controlled risk.
Take Profit (TP): 1.34305 – Targeting 1.5x the SL distance to maintain a solid risk-to-reward ratio.
This setup aims to take advantage of early London volatility with tight risk management and directional momentum.
Feel free to comment and share your ideas
Trade closed: stop reached
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.
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.