FXCM-EDU
Short

Breakout Identified in AUDJPY SELL

FX:AUDJPY   Australian Dollar / Japanese Yen

75.446 - 75.68 Add to Watch List
Signal ID: 66038
Time Issued: Monday, 10 June 2019 14:06:15 GMT
Status: open
Entry: 75.446 - 75.68
Limit: 75.043
Stop Loss: 75.699

The Breakout Opportunities system has just sold AUDJPY at 75.581. The system recommends entering this trade at any price between 75.446 and 75.68. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 6.881, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 75.976 and a profit target has been set at the 1 Day ATR level at 75.043. 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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Great trading idea.
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