This is one of my favorite setups. Price continues to face rejection and loss of momentum at the key market resistance around 1.63573. Because price has not been able to break and find new found support, we are beginning to see signs of weakness in price as found in the divergence in the RSI.
Stops are tight for this trade, if stopped out looking to reenter around 1.66.
Stops are tight for this trade, if stopped out looking to reenter around 1.66.