GBP/USD Breakout Strategy for Day Traders 📌

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Overnight GBPUSD Breakout Strategy. This is a day trading strategy you can employ on the GBP/USD where you're looking for an overnight breakout in the morning. GBP/USD, otherwise known as Cable is a very popular currency pair and you can see why; very tight spreads.

GBP/USD is usually quite quiet in the early hours of the morning so there's not that much liquidity during those hours.
You are trying to see what that range is overnight and then trying to join a breakout in the direction of the move using that as a reference point in the morning as London starts to wake up (order flow starts to increase). This is either going to work or not.

Rules
- GBP/USD 15 minute chart
- Mark high and low from 12 to 6am in the morning (UK time)
- Take a break of that range after 7am
- Stops at width of range
- Reversal possible if stopped out
- Close trade after 1 hour

Видео GBP/USD Breakout Strategy for Day Traders 📌 канала UKspreadbetting