Long GBP/USD between 1.5281 and 1.5257 if the price reaches this level before 4pm GMT today. Take 85% of the position as profit at 1.5375, move the stop to break even and allow the remainder to run.
Day traders should wait for the price to return to 1.5281 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 1.5257, the signal is invalidated.
Traders that cannot be near their screen should set a limit buy order at 1.5281 with a stop loss at 1.5255.
