FXCM-EDU
Short

Breakout Identified in AUDUSD SELL

SAXO:AUDUSD   Australian Dollar / U.S. Dollar

0.68652 - 0.68842 Add to Watch List
Signal ID: 69235
Time Issued: Friday, 08 November 2019 09:14:15 GMT
Status: open
Entry: 0.68652 - 0.68842
Limit: 0.68358
Stop Loss: 0.69116

The Breakout Opportunities system has just sold AUDUSD at 0.6875. The system recommends entering this trade at any price between 0.68652 and 0.68842. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.71266, suggesting that the AUDUSD may have further to fall. A stop loss has been set at the 24-hour high of 0.69116 and a profit target has been set at the 1 Day ATR level at 0.68358. 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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