Breakout Identified in AUDJPY

Breakout Identified in AUDJPY for FX:AUDJPY by FXCM

Breakout Identified in AUDJPY



Signal ID: 73320
Time Issued: Wednesday, 16 September 2020 00:07:15 GMT
Status: open
Entry: 76.617 – 76.97
Limit: 76.078
Stop Loss: 77.488

The Breakout Opportunities system has just sold AUDJPY at 76.797. The system recommends entering this trade at any price between 76.617 and 76.97. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.235, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 77.488 and a profit target has been set at the 1 Day ATR level at 76.078. 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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