AUD/JPY Trading Analysis (30/08/2024)
The trend is down. The ascending truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Buy at the breach of 98.248.
- Stop-loss at 99.030.
- Price targets at 97.216 and 95.550.
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