AUDJPY:Perfect Example of Accumulation

AUDJPY is currently trading in a sharp bullish trend.

76.5 key daily structure resistance was reached in June and for now, the pair is stuck on that level.
however, with higher lows and relatively weak bearish reaction from that level after a second test,
it looks like the pair is preparing for even more extension.

to catch the next bullish wave, wait for a daily candle close above the yellow resistance,
then buy on retest.

next goal will be 78.0 level


remember that this setup is conditional,
in case of a bearish violation of a rising trend line, setup will be invalid.