EUR/JPY Trading Analysis (24/01/2024)

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

Trading idea:

Buy when the formation of the uptrend wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.

Stop-Loss at 160.43.

Target price levels at 161.450 and 161.700.

#eurjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor