Breakout Identified in AUDJPY
Signal ID: 72534
Time Issued: Thursday, 16 July 2020 00:02:16 GMT
Entry: 74.564 – 74.907
Stop Loss: 75.101
The Breakout Opportunities system has just sold AUDJPY at 74.793. The system recommends entering this trade at any price between 74.564 and 74.907. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.297, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 75.248 and a profit target has been set at the 1 Day ATR level at 73.877. 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.