Currency pair analysis AUD/JPY

The overall trend is ascendant. The descending wave patterns H8, H2, AND M30 are truncated at the moment. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.

Trading idea:

Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel of the descending truncated pattern of the M30 level.

Stop Loss is below the local minimum of the descending pattern (82.070).

Target levels: 82.940; 83.670; 84.200.