There's a lot going on in the UK with a new finance minister (Jeremy Hunt) to unwind the actions of Kwasi Kwarteng who was replaced on Friday, now that was a short period in government after he created panic in the markets. And now we're going to capatlise on that again. But be patient, the markets could see this as a very favourable move into a safe pair of hands and I'm expecting the GBP to explode higher, especially with a strong USD $ and the DXY back at the highs after market close.
We have some major area of confluence which willl give us a lot of volatility and we're looking for a sell signal around that 1.5 area, and in the unlikely hood we explode higher, we'll wait patiently for a sell signal at 1.2.
This is a daily chart, we have a lower risk, high opportunity of getting more profitable trades by doing considerably less work without watching the markets all day.