Breakout Identified in AUDJPY

Breakout Identified in AUDJPY for FX:AUDJPY by FXCM

Breakout Identified in AUDJPY

The Breakout Opportunities system has just bought AUDJPY at 84.624. The system recommends entering this trade at any price between 84.5 and 84.778. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.266, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour low of 84.128 and a profit target has been set at the 1 Day ATR level at 85.239. 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: 75963
Time Issued: Monday, 03 May 2021 07:10:15 GMT
Status: open
Entry: 84.5 – 84.778
Limit: 85.239
Stop Loss: 84.128

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