Description: As shown above we have FX:AUDUSD . Price is currently , I Posted this pair just over a week ago expecting a possible bounce on
Weekly Support/78.6. TP one has been fulfilled with 100+ pips left to hit TP 2, currently we are tapping on Monthly Resis 0.77400 i do expect a break and a close
above this area would still validate TP 2 i would then look for a possible retest of Monthly Resis or even a poke back into Weekly Resis. I would then look a
continuation setup on this pair.
However if we fail to close above Monthly Resistance or just spike through, my setup would consist of bounce on first RED TL on previous Daily Resis/Structure a
break of that a move to the Long term RED TL possible correction to follow.
Duration: Long Term
Decision: Already Long I'm awaiting a break of Monthly Resis possible structure to be created there with more upside.
Thank you for viewing my idea. Remember all my ideas are for my Personal Journal.So If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post you analysis below.
Remember to always trade your stratergy... Happy Trading
ATTACHED CHART : YES