Breakout Identified in AUDJPY

Breakout Identified in AUDJPY for FX:AUDJPY by FXCM

Breakout Identified in AUDJPY



Signal ID: 72818
Time Issued: Thursday, 06 August 2020 07:09:15 GMT
Status: open
Entry: 75.632 – 75.97
Limit: 75.036
Stop Loss: 76.386

The Breakout Opportunities system has just sold AUDJPY at 75.831. The system recommends entering this trade at any price between 75.632 and 75.97. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.329, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 76.386 and a profit target has been set at the 1 Day ATR level at 75.036. 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.

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