Display:
AUDJPY
Description: As shown above we have
AUDJPY
. At the opening last week i posted this pair with a Bullish Outlook, projecting a possible 300+ Pip
move to the upside Monthly Resistance 86.700.This target has been met, we are now at the 1.414 Fib extension from Monthly Support. Between the FIB extension levels
1.272 -1.414 was my initial expiration levels ( PRZ ). However i did state a break & close above Monthly Resistance would likely see price reach 90.000. Price reaching this
level would signal a highly likely long term trend change!
In short i am overall Long on this pair awaiting either a rejection at Monthly Resistance or a break & close above on the close above I'll await a Long Setup targets being
the FIB extension from the newly drawn FIB to the current high, The last target comes in around 90.000 which is where we could see a short term trend expiration (
Bearish demonstration then further Longs.
A break and close above Monthly Resistance would be Major as the monthly candle would see a rollover demonstrating clearly Bulls look to take over Long term.
Indicators: On the Daily we are trading above the 50 & touching the 200.On the Weekly we are sitting below both EMA'S however on the Monthly we are strongly
above the 200. We are just about in Bullish Territory on the RSI .
Duration: Long Term
AUDJPY
Description: As shown above we have
AUDJPY
. At the opening last week i posted this pair with a Bullish Outlook, projecting a possible 300+ Pip move to the upside Monthly Resistance 86.700.This target has been met, we are now at the 1.414 Fib extension from Monthly Support. Between the FIB extension levels
1.272 -1.414 was my initial expiration levels ( PRZ ). However i did state a break & close above Monthly Resistance would likely see price reach 90.000. Price reaching this
level would signal a highly likely long term trend change!
In short i am overall Long on this pair awaiting either a rejection at Monthly Resistance or a break & close above on the close above I'll await a Long Setup targets being
the FIB extension from the newly drawn FIB to the current high, The last target comes in around 90.000 which is where we could see a short term trend expiration (
Bearish demonstration then further Longs.
A break and close above Monthly Resistance would be Major as the monthly candle would see a rollover demonstrating clearly Bulls look to take over Long term.
Indicators: On the Daily we are trading above the 50 & touching the 200.On the Weekly we are sitting below both EMA'S however on the Monthly we are strongly
above the 200. We are just about in Bullish Territory on the RSI .
Duration: Long Term
Comment:
Previous Long Setup
![AUDJPY - [LONG ORDER FOR NEXT WEEK] POSSIBLE TREND CHANGE!!](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
![AUDJPY - [LONG ORDER FOR NEXT WEEK] POSSIBLE TREND CHANGE!!](https://s3.tradingview.com/1/1rtHXV3u_big.png)