LONDON BREAKOUT STRATEGY

In trading, a "breakout" means a price movement that occurs when an asset moves beyond a determined support or resistance level. This pivotal moment signals a shift in market dynamics and often leads to notable price changes. Breakouts occur when the price surpasses a level that has previously acted as a barrier, such as a previous high (resistance) or a previous low (support).

It is quite difficult to work in the Forex market without any strategy. That's why hundreds of thousands of traders are testing and improving existing tactics daily in search of the one that will bring impressive returns. One of such strategies can be called the London Breakout. The system of trading over the time of its existence has grown many variations, but its essence remains the same. Let's examine in detail several ways of trading this Forex strategy.