NZD/JPY Trading Analysis (21/08/2024)
The trend is downward. The currency pair is trading in the range between 365 and 135 EMA. The ascending truncated wave structure finished with the breach of the pivot 2 of the wave C. There is a bearish divergence on the Awesome Oscillator.
Trading idea:
- Buy at the breach of 89.180.
- Stop-loss at 90.230.
- Target price levels at 88.000 and 87.000.
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