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.
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.
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