Breakout Identified in AUDJPY
The Breakout Opportunities system has just sold AUDJPY at 80.16. The system recommends entering this trade at any price between 80.014 and 80.346. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.236, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 80.903 and a profit target has been set at the 1 Day ATR level at 79.578. 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: 74625
Time Issued: Monday, 11 January 2021 06:13:15 GMT
Entry: 80.014 – 80.346
Stop Loss: 80.903
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