The Breakout Opportunities system has just sold AUDUSD
at 0.70906. The system recommends entering this trade at any price between 0.7077 and 0.71014. The signal was issued because the AUDUSD
has broken its 24-hour low while our Speculative Sentiment Index was at 2.79157, suggesting that the AUDUSD
may have further to fall. A stop loss has been set at the 24-hour high of 0.7134 and a profit target has been set at the 1 Day ATR level at 0.70362. 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.
Signal ID: 63702
Time Issued: Wednesday, 13 February 2019 20:16:15 GMT
Entry: 0.7077 - 0.71014
Stop Loss: 0.71340
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.