So as you can see on the monthly time Frame price failed to close about the monthly resistance
first it came up through resistance price came back down in a fake out last month it got a huge wick back down then this month you see price went up and also getting wicked back down. below the monthly resistance.
So I am bearish this month but also looking to see how price respect the fibonacci retracement on the monthly time Frame also this applies for weekly and daily as well
but I am currently 20pips on a sell trade. so well see stay tuned
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