London Breakout Strategy for EUR/USD — My Bread and Butter
r/ForexforexIntraday (London session)by reddit_community
EUR/USD London open breakout. Mark Asian session range. Pending orders above high/below low. 30-50 pip runs. 55% WR, 2:1 RR. Mon-Thu only.
ENTRY RULES
Mark high and low of Asian session (00:00-08:00 London) | Place buy stop 2 pips above Asian high | Place sell stop 2 pips below Asian low | Cancel unfilled order after first order triggers | Only trade Monday through Thursday
EXIT RULES
Stop loss at opposite side of Asian range | First target at 1.5x range size | Second target at 2x range size | Close all positions by 4 PM London time | If no trigger by 10 AM, cancel all orders
INDICATORS
Asian Session RangePrice ActionATR
ORIGINAL POST
234
r/Forexposted by reddit_community
London Breakout Strategy for EUR/USD — My Bread and Butter
Trade the London session open breakout on EUR/USD. Mark the high and low of the Asian session (midnight to 8 AM London time). When London opens (8 AM), place pending orders above the high and below the low. The first breakout typically runs 30-50 pips. Use tight stop on the other side of the range. Win rate ~55% but risk-reward averages 2:1. Only trade Mon-Thu.
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