Breakout Identified in AUDJPY
The Breakout Opportunities system has just bought AUDJPY at 80.315. The system recommends entering this trade at any price between 80.246 and 80.454. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.353, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour low of 80.039 and a profit target has been set at the 1 Day ATR level at 80.871. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. 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: 74908
Time Issued: Friday, 05 February 2021 08:14:15 GMT
Entry: 80.246 – 80.454
Stop Loss: 80.039
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