For the first time, we will provide signals mainly for the London Open. It’s a break out strategy and we will just call this the London DayBreak Strategy. What we will look at are mainly the GBP pairs. And at the moment, we have GBPNZD lock in for a potential nice breakout. The chart you are looking at is a H1 chart. What we like is the narrow consolidation for the past few hours and if it breaks up north, we want a piece of the action.
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Here’s how we will approach this trade. Since this is a momentum trade, we want to count on the volatility that comes with the London Open. And if the bulls are committed a quick profit will follow if there is a breakout of consolidation level. Below is our order…
- Buy Stop order: 1.89000
- Stop Loss: 1.88200
- Take Profit: 1.89780
- Expiry: if this order is not triggered in 5 hours, let this trade expire.
The London DayBreak is a momentum strategy that’s designed to catch the spike in volume and volatility during the London Open. We will continue to experiment with this approach for the next few weeks. So keep a look out for more of such London Open signals. Comment below if you have a question. Good luck in this trade.
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The London DayBreak Strategy GBPNZD – 19th Feb 2019 Results…
Price triggered our Buy Stop Order and in less than 5 hours our TP target is met. Here’s the updated chart on GBPNZD.
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