Other currency pairs to trade with the London strategy are the majors:
EUR/USD, USD/JPY, and AUD/USD.
The highest potential profit comes with the GBP/USD because during
the London business hours
liquidity is high as major banks and news activity provides traders with a ton of volatility.
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Final Words – London Breakout Trading Strategy
In summary, the
big ben breakout strategy can increase the probability of your success in the
forex market. Now that we know the technical concepts behind the London open make sure you
only take those setups that align with all the rules exposed throughout this trading guide.
If you keep in mind these 3 trading tenets, you’ll have no problem beating the dealers at their
own game:
-
Volatility
-
Fade the pre-open bullish/bearish momentum
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Use a time stop loss