Breakout Identified in AUDJPY

Breakout Identified in AUDJPY for FX:AUDJPY by FXCM

Breakout Identified in AUDJPY



The Breakout Opportunities system has just sold AUDJPY at 74.53. The system recommends entering this trade at any price between 74.384 and 74.63. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.684, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 74.93 and a profit target has been set at the 1 Day ATR level at 73.946. 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.

Signal ID: 73782
Time Issued: Tuesday, 27 October 2020 09:09:15 GMT
Status: open
Entry: 74.384 – 74.63
Limit: 73.946
Stop Loss: 74.930

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