NZD/JPY Trading Analysis (27/10/2023)

Bears tested the lover border of the Ichimoku Cloud. The descending truncated wave structure finished with the breach of the sloping channel. There is a 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 87.68.

Stop-Loss: 86.77.

Target price levels: 88.58, 89.80.

#nzdjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor