Intraday trading is such a field where the opening hour is the most active and dynamic. Here, traders can make money quickly but at high risk. Opening Range Breakout strategy is a setup for intraday. The strategy is highly effective on the first 30 min or 1 hour of trading. This article will define the complete detail of the Opening Range Breakout Strategy along with the steps to apply.
What is Opening Range?
Usually, after the opening bell, in the first 30 min considers as the biggest price movement period. In order to find out the opening range, the first 15-30 min high-low price has to be calculated. Monitoring the normal candlestick can give you the best result in determining the opening range.