Breakout Identified in AUDJPY SELL

28 apr 2020

68.763 - 69.115 Add to Watch List
Signal ID: 71643
Time Issued: Tuesday, 28 April 2020 02:03:15 GMT
Status: open
Entry: 68.763 - 69.115
Limit: 67.959
Stop Loss: 69.366

The Breakout Opportunities system has just sold AUDJPY at 69.031. The system recommends entering this trade at any price between 68.763 and 69.115. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.436, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 69.366 and a profit target has been set at the 1 Day ATR level at 67.959. 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.