GBPUSD STRADDLE STATEGY FOR UK ELECTIONS
Hi traders
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
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
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