Setup1: Rejection off . level, breakout from then head south from there.
Setup 2: Prices head north reject off .5 retracment level off of prior support indicated within red highlighted region.
Setup 2 seems like the safer choice while Setup 1 is a bit more aggressive. Just look for any indication of reversal on lower time frames. I would wait for any cause by news tomorrow to pass before entering but it's up to you! Good luck!