Breakout Identified in AUDJPY SELL

74.929 - 75.156 Add to Watch List
Signal ID: 69187
Time Issued: Wednesday, 06 November 2019 06:43:15 GMT
Status: open
Entry: 74.929 - 75.156
Limit: 74.486
Stop Loss: 75.395

The Breakout Opportunities system has just sold AUDJPY at 75.077. The system recommends entering this trade at any price between 74.929 and 75.156. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.936, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 75.395 and a profit target has been set at the 1 Day ATR level at 74.486. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.