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AUD/JPY Trading Analysis (27/09/2023)

27.09.2023

Market Review

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward inner structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

AUD/JPY chart as of 27/09/2023 with technical indicators

Trading idea:

Buy at the formation of the ascending wave structure, where the A wave breaches the 95.197 (pivot 2 of the downward structure).

Stop-Loss: 5.000.

Target price levels:  95.600; 96.000.

#audjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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