AUD/JPY Analysis, Chart, and Trading Idea

Analytics for AUD/JPY Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The trend is descending. The ascending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, the pair is traded in the range between 365 и 135 ЕМА.
 

Trading idea:

Sell at the formation of the descending wave structure, when the (A) wave breaches the sloping channel of the upward truncated structure

Stop Loss at the local minimum of the structure at (91.00)

Target price levels: 89.80; 88.00