Channel from Monthly TF Long/Short

Looks like a good opportunity to jump in a long position to go to the top of the trendline.
But, better is to wait till the top trendline and then go short.
Channel is from monthly TF so that could be very strong rezist/support, which can price accept.
Every color in my graph represents specific TF. Starting from left to right Monthly, Daily, H4, H1, M30,... Red is Monthly.

Trade active:

It looks like it is only a question of time when that will go down from top of the channel to the bottom of the channel.