Breakout Identified in AUDJPY

Breakout Identified in AUDJPY for FX:AUDJPY by FXCM

Breakout Identified in AUDJPY

Signal ID: 72257
Time Issued: Wednesday, 24 June 2020 07:41:16 GMT
Status: open
Entry: 73.406 – 73.884
Limit: 72.487
Stop Loss: 74.396

The Breakout Opportunities system has just sold AUDJPY at 73.713. The system recommends entering this trade at any price between 73.406 and 73.884. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.615, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 74.396 and a profit target has been set at the 1 Day ATR level at 72.487. 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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