There is still a liquidity void that hasn't been filled and there is I suspect a healthy build up of stops under 1.5310 which could facilitate a move upwards. If the week is to be positive the low (if not already formed) should be complete by Wednesday LO at the latest.
The 2nd STD of the CBDR is at 1.5285 on my feed which sits right in the middle of the longer term OTE and would take all the resting stops. May not get there though due to swing high at big figure 1.53
Anyway, I will be looking for an initial move down at 9:30 and going long at 1.5290 with a 30 pip stop, targeting 1.5480 (190 pips). 6:1 trade if it comes off.
Komen
whitebelt4ever
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Should there be an initial move down below the CBDR bottom of 1.5340 and it not take my order, and strong move up before 10am could be joined with an order at the 5am open of 1.5356. This depends on the price action at LO after the news event though.
whitebelt4ever
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Never happened, took off without me. Always next week.