Here we got the Aussie that went down to major Support several times, marked in circle the last hit. Here we got a big retracement with a double top
, where we hope to capture a new downmove down to the major support on this Cypher pattern
. Watch out for the RSI
to move in to overbought condition also.
Remember this is kind of a counter trend move, at lease on the 60min. intra day timeframe so we only go for target 1 and close full position at that level. Next to that we got NFP tomorrow so watch the trades carefully!