EUR/JPY Trading Analysis (12/11/2024)
The trend is ascending. The currency pair is trading in the range between 365 and 135 ЕМАs. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals divergence.
Trading idea:
- Buy at the beginning of the formation of the ascending wave structure, when the wave А breaks the sloping channel of the downward truncated structure.
- Stop-loss at 163.200.
- Price targets at 165.000 and 166.000.
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