Due to the elections and the news of 9.30 AM London Time, I will certainly wait until the candle of 10-11 AM (London Time) closes to decide whether or not to join this trade.
46 pips StopLoss for 20 pips TakeProfit is also a bit on the high side.
2019.12.16 London Daybreak Idea GBPUSD
GBPUSD Buy Stop entry 1.33952
SL: 1.33490
TP1: 1.34152 (20 pips)
TP2: 1.34490
GBPUSD Sell Stop entry 1.33490
SL: 1.33952
TP1: 1.33290 (20 pips)
TP2: 1.32940
Risk management max. 3%
SL= -46 pips ==> 0.01 lot per 200 $/€
46 pips StopLoss for 20 pips TakeProfit is also a bit on the high side.
2019.12.16 London Daybreak Idea GBPUSD
GBPUSD Buy Stop entry 1.33952
SL: 1.33490
TP1: 1.34152 (20 pips)
TP2: 1.34490
GBPUSD Sell Stop entry 1.33490
SL: 1.33952
TP1: 1.33290 (20 pips)
TP2: 1.32940
Risk management max. 3%
SL= -46 pips ==> 0.01 lot per 200 $/€