London Breakout Box

Londom Breakout Box is an intraday trading system, this is an other classic strategy.
London Breakout Box method takes advantage of the London open session. Draw the box, wait for  the breakout and then set your stop-loss and profit target accordingly. There is no need to keep  monitoring your charts.

Chart setting
Time frame 15 min or 30m
Currency pairs: USD/JPY, GBP/USD, EUR/USD, USD/CHF.

Trading rules London Breakout Box

Buy
At London open, draw a box enclosing the high and low price of the previous 2 hours. (8 x 15 min candles).
Wait for a 15 min candlestick to close above the high of the box.
Place your stop loss below the previous swing low.
Price Objective: Risk-to-reward 1:2 (i.e. risking 25 pips to make 50).

Sell
At London open, draw a box enclosing the high and low price of the previous 2 hours. (8 x 15 min candles).
Wait for a 15 min candlestick to close below the low of the box.
Place your stop loss above the previous swing lhigh.
Price Objective: Risk-to-reward 1:2 (i.e. risking 25 pips to make 50).

Profit Target( 50 pips GBP/USD, 40 Pips EUR USD, USD/CHF, 45 pips USD/JPY, 30 pips AUD/USD).
In the example GBP USD 15 min chart.
London Breakout Box

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