Here we have an 1.618 inversion lining up with previous structure and overbought RSI. For me this trade works best as a part of my CTS scoring system, so taking that into account i have decided that i need a couple of more things to happen before i can take this trade. I will be waiting for a double top back up at the 1.618 inversion along with some RSI divergence. At that point i will be comfortable taking this trade. I will be putting stops above 1.065s and have targets at the .618 retracement. Let me know what you think of this trade idea
Best of luck on your trading and if your interested in learning some good trading strategies then check me out on youtube