Market Sessions with Volume Profile - By Leviathan

London Breakout Strategy Basics
The London breakout strategy aims to capitalize on the increased volatility that occurs when the London session opens. This strategy focuses on breakouts from the Asia session range, typically from 08:00 GMT (London open) to around 12:00 GMT. The idea is to catch the early momentum of the London session as price breaks out of the consolidation range established during the Asia session.

1. Identify Breakout Levels:
The Asia and London sessions are already drawn on the chart.
Focus on the high and low of the Asia session (19:00 GMT - 08:00 GMT) as key breakout levels for the London session.
Asia session high = Resistance.
Asia session low = Support.

2. Wait for Breakout:Watch for price to break either above the Asia session high or below the Asia session low.
A breakout above the Asia high signals a potential long trade, while a breakout below the Asia low signals a potential short trade.
3. RSI & MACD Confirmation:

RSI (Relative Strength Index):
For long trades, ensure RSI > 50 (indicating bullish momentum).
For short trades, ensure RSI < 50 (indicating bearish momentum).
MACD (Moving Average Convergence Divergence):
Look for a bullish crossover (MACD line above the signal line) for long trades.
Look for a bearish crossover (MACD line below the signal line) for short trades.
Confirm the MACD histogram:
Rising histogram indicates bullish momentum.
Falling histogram indicates bearish momentum.
4. Volume Confirmation:


Ensure there’s a volume spike when the breakout happens. A breakout without volume or with weak volume could indicate a fakeout.
Volume should be at least 20% higher than the average during the breakout to confirm a strong move.
5. Timeframe Strategy:
15-Minute Chart:
Use the last 3 candles to identify the overall trend.
If the last 3 candles are mostly bullish, the trend is up.
If the last 3 candles are mostly bearish, the trend is down.
5-Minute Chart:
Use this timeframe to monitor the trade after entering and confirm the breakout.
1-Minute Chart:
Use the 1-minute chart for entry precision:
For long trades, enter when a 1-minute candle closes above the breakout level, confirming volume and momentum.
For short trades, enter when a 1-minute candle closes below the breakout level, confirming volume and momentum.
6. Watch for Fakeouts:
If price breaks out but quickly reverses, it’s likely a fakeout.
Stay cautious if there’s no volume spike or if RSI and MACD don’t confirm the breakout. A fakeout is usually marked by low volume or no momentum confirmation from RSI/MACD.