Breakout Identified in AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
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
Status: open
Entry: 0.7077 - 0.71014
Limit: 0.70362
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.
AUDUSD H1 Z Down. Checkout the idea detail's and update's for the complete picture.
Overall trend is bearish as well on higher time frames, looks like good short opportunity

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