where bigger picture in a uptrend previous monthly candle sticks bullish one is a hugh engulfing candle. the other tells us buyers are in control. that monthly candle broke are resistance zone and turn into a support area
in the smaller time frame there is falling wedge and is close to a strong support zone that indicate for buy set ups in this falling wedge there is another pattern a shoulder head shoulder pattern uncompleted
this sHs is a agresive countertrade and so more safe is break up or test of the lowest trendline of the falling wedge and the support area.
for better entry to go long on this support zone is look for price action conformation
in the smaller time frame there is falling wedge and is close to a strong support zone that indicate for buy set ups in this falling wedge there is another pattern a shoulder head shoulder pattern uncompleted
this sHs is a agresive countertrade and so more safe is break up or test of the lowest trendline of the falling wedge and the support area.
for better entry to go long on this support zone is look for price action conformation