Description: As shown above we have FX:AUDUSD . Price is currently Bullish , 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 Bullish close above this area would still validate TP 2 i would then look for a possible retest of Monthly Resis [ then support ] 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 Bearish 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.
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