I read a book called Technicals Analysis for the Trading Professional. It talks a lot about that subject.

Use S/R along with RS. I like using S/R of the RSI along with divergence. It was looking weak around the 1.4600 level so I placed my order, got filled but saw a little drawdown. Finally broke. Think we may see 1.4500. The RS is at 21 on a 3 hr chart. 16 is the low since we made that break from the 1.5100 level.

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