My recent research indicates to me that this might be a valid strategy.
(Hope the image comes up ok, it didn’t so I try again)
From that image what I’ll be looking for is for the price to move back to the 0.0300 area, there is support and resistance, it’s a retracement level, it’s a big number, and herd mentality won’t be to get in, because it’s moved.
I don’t know, but it does look promising, anyone else trade something like this?
The only way you will find out if your strategy works is by trading it for an extended period of time in order to gather enough data.
It all takes so much staring time 
That’s what my buddy Big Pippin likes to call the break-and-retest situation (Fib + support and resistance)! He does like to combine it with stochastic though or any kind of oscillator to show if the market is indeed retracing or ready to turn. With that kind of breakout move though, the retracement might be shallow but let’s see how it goes!