I have been watching, scalping, Intraday trading, and repeating the cycle for the past couple of months, while waiting to see if price will break this major area of resistance as noted. I like the bounce off the 50% fib level as noted, which would be the perfect making of a handle. Now watching price action, along with the DXY, which also seems to be hitting major resistance. If we see a fall in the DXY we would see upward momentum continue. This could possibly complete our handle. This idea is for demonstration and educational purposes. Trade at your own risk. Follow me on Instagram and Facebook, links below. Also please like and feel free to add your thoughts.
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Price just hit a key zone in the market. Be sure to protect your profits. We should see a pullback before continuation upward.
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Depending on where you entered, be sure to either take profits or protect them. Price is hitting a key zone in the market; we could see a pullback.