AUD/JPY Trading Analysis (29/01/2025)
Bears have tested the support level at 96.76. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator. The pair is trading around the border of the flat channel.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss at 96.760.
- Price targets at 97.800 and 98.700.
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