GBPJPY GBPUSD Breakout Strategies

GBP/JPY Breakout

• Trade frequency: Daily

• Pair: GBP/JPY

• Timeframe: 15 minutes

Find the opening price of the pair which will  be the price at 12:00am GMT.

Find out the range of the previous day, if  range is below 200 pips, do not trad.

Place a buy stop order 30 pips above the  high of the 12:00 GMT candle and a sell stop  order 30 pips below the low.

Take profit is 25% of the previous days range  or maximum 100 pips. Stop Loss is 40 pips.

Trailing stop loss is 50% of the Take Profit. Close opposite order once an order has been filled.

GBP/USD Breakout

• Trade frequency: Daily

• Pair: GBP/USD

• Timeframe: 15 minutes

 

Find the high and low between 14:00 GMT and 16:00 GMT.

Buy Stop order 3 pips above high, Sell Stop order 3 pips below low.

Take profit 50 pips. Stop Loss 5 pips above and below high and low.

Close opposite order once an order has been filled.