AUDJPY SELL

MONTHLY:


Heading into the monthly we see that this pair had broken preivious descending trend line and resistance structure.
Volume is increasing and Market is shifting from bearish to bullish.

WEEKLY:


From a weekly standpoint the market is still bullish and seeking new highs. From a fibonacci standpoint based on the last bull impulse, i suggest the market will take a break and SELL off for a while to the 50 and 61.8 levels. Here is where i would have a BUY LIMIT order in place to catch the next bullish move.

DAILY:


From a daily perspective there is hidden divergence between price and the depleting values on indicator, suggesting a shift in momentum to the downside.

4HR:


Down to the 4hr we are still slightly bulllish. I suggest a retest to previous structure of resistance then SELL to where we placed our BUY LIMIT based on Monthly, Weekly, and Daily.

GOOD TRADING