London Breakout Strategy: Trading the First 30-Minute Range

One of the most consistent setups in the London session is the 30-minute range breakout. Here's how I structure it: **Setup:** Mark the high and low of the first 30 minutes after London open (8:00–8:30 GMT). Wait for price to close beyond either extreme on a 15-minute candle. **Entry:** Retest of the broken level on the next pullback **Stop Loss:** Beyond the opposite side of the 30-min range (SL: 15–20 pips typically) **Take Profit:** 1.5–2× the range distance (TP: 25–40 pips) **Risk/Reward:** Minimum 1:1.5, target 1:2 This strategy works best on GBP/USD and EUR/USD. Avoid it on low-news days when the range is less than 15 pips — the stop is too tight and prone to noise. Do you use a similar breakout approach, or do you prefer fading the London open?