It's a very good Idea to have a plan to follow during the news release and after.
I do not recommend to gamble, and to use buy stop and sell stop orders, as mistakes, whipsaws and a guaranteed horrible mood over the weekend is possible.
Please consider it as a rule N1:
DON'T be afraid of loosing trade. Be afraid of loosing your account!!!
I plan to act on a 15 min chart, and will start to watch the situation after 1st 15 min candle/bar is closed.
The situation can be changed a lot, but having a plan, as I've mentioned before is a "must"
Please browse through the chart for more details.