GBP / USD Breakout

GBP / USD Breakout

GBP / USD Breakout

When one hour from the London session opening , draw lines at the highest peak since midnight and at the lowest peak since midnight.

Just trade the breakout and place your stop loss at the top of the candle that broke the low line for the short trade and at the bottom of the candle that broke the top line for the long trade.

 

If the breakout occurs after the opening of the New York session , aim for 10-20 pips.