Long EUR/USD between 1.3345 and 1.3327 if the price reaches this level before 4pm GMT today. Take 75% of the position as profit at 1.3395, move the stop to break even and allow the remainder to run further.
Day traders should wait for the price to return to 1.3345 and look for trades from fast long breaks of inside or engulfing bars on the 15 minute chart, being prepared to enter more than once if necessary, but not more than three times. After one 15 minute bar closes below 1.3327, the signal is invalidated.
Traders that cannot be near their screen should set a limit buy order at 1.3345 with a stop loss at 1.33020, expiring at 4pm GMT tonight.
Bear in mind that if you will hold an open position over the weekend, it may gap down and open below your stop loss at the start of next week, leaving you with a greater loss than the stop loss.
