AUD/JPY Trading Analysis (17/04/2025)
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. The breach of the 90.10 level will start the formation of the descending wave structure.
Trade idea:
- Buy on the breach of 90.10.
- Stop-loss at 91.420.
- Price targets at 88.800 and 86.500.
#audjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
