06.11.2020
The currency pair is trading in the range of the upper limit of the descending price channel built on the H4 timeframe. Stochastic Oscillator indicates an overbought condition, and an ascending H4 level pattern is truncated.
AUDJPY rate online: monitor the price movement in real time.
Trading recommendations:
Sell when a descending wave pattern is formed, where wave A breaks through the inclined channel of the ascending wave pattern.
Stop Loss beyond the local maximum.
Target levels: 74.20; 73.21.
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