Breakout Identified in EURJPY
The Breakout Opportunities system has just sold EURJPY at 126.156. The system recommends entering this trade at any price between 125.992 and 126.309. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.814, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 126.768 and a profit target has been set at the 1 Day ATR level at 125.499. 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.
Signal ID: 74565
Time Issued: Tuesday, 05 January 2021 08:04:15 GMT
Entry: 125.992 – 126.309
Stop Loss: N/A
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