FXCM-EDU
Short

Breakout Identified in AUDJPY

FX:AUDJPY   Australian Dollar / Japanese Yen
Signal ID: 65570
Time Issued: Friday, 17 May 2019 08:32:15 GMT
Status: open
Entry: 75.251 - 75.541
Limit: 74.823
Stop Loss: 75.980

The Breakout Opportunities system has just sold AUDJPY at 75.394. The system recommends entering this trade at any price between 75.251 and 75.541. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 12.754, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 75.98 and a profit target has been set at the 1 Day ATR level at 74.823. 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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