FXCM

Breakout Identified in AUDJPY

Short
FX:AUDJPY   Australischer Dollar/Japanischer Yen
Signal ID: 68548
Time Issued: Monday, 07 October 2019 08:14:15 GMT
Status: open
Entry: 71.903 - 72.144
Limit: 71.474
Stop Loss: 72.438

The Breakout Opportunities system has just sold AUDJPY at 72.046. The system recommends entering this trade at any price between 71.903 and 72.144. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 11.706, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 72.438 and a profit target has been set at the 1 Day ATR level at 71.474. 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.

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