On the MONTHLY TIMEFRAME, We spotted a strong resistance currently acting as support of which price has reacted to in the past months by forming a strong wick rejection monthly candles right at the zone however we want to sit back and wait for this monthly candle close to give us a good rejection price action candle right at the zone before we can look at the weekly timeframe to establish a possible bullish bias and of course an entry long
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.