30.09.2021
The currency pair trades in the range of the upper border of the descending price channel. The Stochastic Oscillator signals overbought conditions. The breakout of 80.19 will result in the formation of a downward wave structure of the H1 level within the framework of a downward wave (C) of the H8 wave level.
AUDJPY rate online: monitor the price movement in real time.
Trading idea:
Sell at the breakout of 80.19.
Stop Loss: 81.50.
Target levels: 79.00; 78.07.
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