Forex The Big Ben Strategy

As mentioned. The pound / dollar rate tends to have lower trading volume outside European / London trading hours because the majority of GBP/USD spot deals are worked through U.K and European dealers. This gives the European/British interbank community tremendous insight into the currency pair’s actual supply demand picture.
The Big Ben trade sets up when interbank dealing desks use this intelligence to trigger stops on both sides of market, resulting in new intraday highs and lows. Once these orders are cleared from the books, the market is primed for its first real directional move of the day, which is what the strategy is designed to capture.

The logic behind this trade should be similar with many range breakout strategy used to capitalize on the first real move of the day like our daily20pip strategy with forex signal generator working method with daily pivot calculation.