Breakout Identified in EURJPY
The Breakout Opportunities system has just bought EURJPY at 128.837. The system recommends entering this trade at any price between 128.702 and 128.984. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.266, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 128.297 and a profit target has been set at the 1 Day ATR level at 129.425. 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.
Signal ID: 75514
Time Issued: Thursday, 25 March 2021 08:30:16 GMT
Entry: 128.702 – 128.984
Stop Loss: 128.361
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