[Soultrader]

Hello ezduzzit,

Sorry about the confusion. What I meant was if it closes above 1.5 but below 1.6. This data is a little outdated now but from my observation, this is still a pretty good setup. From my experience, waiting until the evening to establish a position works better. It allows you to use a tighter stop. I have also heard Hubert mention going long at the close. A couple other professional traders use this setup and most of them will wait until the evening. They all agree that it works better establishing a position in the overnight session.