Breakout Identified in AUDJPY SELL

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70.206 - 70.634 Add to Watch List
Signal ID: 71919
Time Issued: Friday, 22 May 2020 02:10:15 GMT
Status: open
Entry: 70.206 - 70.634
Limit: 69.359
Stop Loss: 71.071

The Breakout Opportunities system has just sold AUDJPY at 70.488. The system recommends entering this trade at any price between 70.206 and 70.634. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.376, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 71.071 and a profit target has been set at the 1 Day ATR level at 69.359. 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.