GBP/JPY Trading Analysis (30/11/2023)
The trend is ascending. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the upward wave structure, when the A wave breaches the sloping channel of the descending truncated structure.
Stop-Loss: …