Breakout Identified in EURJPY SELL

28. Apr. 2020

115.802 - 116.124 Add to Watch List
Signal ID: 71644
Time Issued: Tuesday, 28 April 2020 04:13:15 GMT
Status: open
Entry: 115.802 - 116.124
Limit: 115.086
Stop Loss: 116.353

The Breakout Opportunities system has just sold EURJPY at 116.041. The system recommends entering this trade at any price between 115.802 and 116.124. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.317, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 116.371 and a profit target has been set at the 1 Day ATR level at 115.086. 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.