AUD/JPY Trading Analysis (16/04/2025)
The trend is down. The forex pair is trading in a range between 365 and 135 EMAs. 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 is out of the overbought zone.
Trading idea:
- Sell when the formation of the descending wave stricture begins.
- Stop-loss at 91.420.
- Price targets at 88.800 and 86.500.
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