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AUD/JPY Trading Analysis (30/08/2024)

30.08.2024

Market Review

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.

AUD/JPY Forex price chart

Trading idea:

  • Buy at the breach of 98.248.
  • Stop-loss at 99.030.
  • Price targets at 97.216 and 95.550.


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

Author: GC
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