i will use a straddle strategy setup (on the chart) to trade the cable tomorrow.
However the setup has some specific rules to enter:
1. order will be in the broker system a few minutes before the UK elections results
2. This setup will not be used during the normal London trading hours
A buy stop order will be used to get long and a sell stop order will be used to get short.
Also this will be an OCO order
High volatily expected so assume your own risk and manage your portfolio accordingly to your trading plan rules.
3 targets for both sides
Entry for short: 1.2893
Entry for long: 1.2980
targets on the chart
Move SL to BE