AUD/JPY Trading Analysis (16/07/2024)
The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward truncated wave structure finished with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the oversold zone.
Trading idea:
- Buy at the breach of 107.100.
- Stop loss at 106.550.
- Price targets at 107.850 and 109.200.
#audjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
