If price runs over 1.5390 to gather sell stops in the LO timeframe I will be looking to short around the 1.5410 level. Should this not get hit before any fall my entry will be at 1.5380 which is my broker level at 5am .
Any fall below1.5340 or push over 1.5425 and I will not trade this LO on this basis.
The first set of buy stops have been taken. I will now remove my limit sell at 1.5410 as the trade is not panning out as I expected. Should price run up and take the sell stops above 1.5390, my entry to sell will be 1.5380 should it happen at the back end of the London Open.