We're going to add another daily chart to our watch list that will likely trigger a trade tonight. The 0.6710-15 region appears to be completing an A-B-C-X-A-B-C at the .618 retracement and the 1.618 retracement with negatively diverging RSI. Look to get short Kiwi in halves at 0.6696 and 0.6716 with stops over 0.6730. The other trade ideas to get short dollars are still in the queue, but are set to trigger after the dollar strengthens further, which pushes this trade into profitability. As you can see, these daily charts are lining up for an explosive October move. But, we have to be patient, however, and wait for the price action to prove to us that it's breaking into a sustainable trend.

Todd Gordon is a Technical Currency Strategist and Fund Trader with GAIN Capital Group.

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