$GBPUSD, Gbp/Usd / 60 For U.S. traders looking for some nightly action, or European traders looking to possibly stay up all night, one way to profit off the Brexit vote – irrespective of the outcome – is to take advantage of the volatility of the announcement in the forex markets.For example, if the GBP/USD is trading at 1.4850, one could reasonably take advantage of this vote by buying the pair at its current price, and putting in a stop-loss at 1.4750-1.4775. This would provide a 75-100 pip cushion to guard against any intermittent volatility before the announcement. At the same time, sell the GBP/USD at its current price and place the same 75-100 pip stop-loss cushion ABOVE the trading price (e.g., 1.4925-1.4950, if starting from 1.4850). Accordingly, one would effectively have a trade set up where profit can be achieved so long as both positions are closed while it’s trading outside that 150-200 pip range, as vaguely illustrated in the chart above.The GBP could plunge by as much as 20% should the UK leave the EU due to the widespread shock it would cause. Should the UK stay, I would not expect it to rally by that 20% amount due to the market’s in-built expectation of a stay. But the odds would be greatly in one’s favor of profiting off such a trade.As a standard disclaimer, this should not be construed as investment advice. As always, please perform your own due diligence before undertaking any investment decision.