Breakout Identified in AUDUSD
The Breakout Opportunities system has just bought AUDUSD at 0.71877. The system recommends entering this trade at any price between 0.71658 and 0.72039. The signal was issued because the AUDUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.2417, suggesting that the AUDUSD may have further to rise. A stop loss has been set at the 24-hour low of 0.71003 and a profit target has been set at the 1 Day ATR level at 0.72524. 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.