Breakout Identified in AUDUSD

The Breakout Opportunities system has just sold AUDUSD at 0.71459. The system recommends entering this trade at any price between 0.71324 and 0.71581. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.74511, suggesting that the AUDUSD may have further to fall. A stop loss has been set at the 24-hour high of 0.71948 and a profit target has been set at the 1 Day ATR level at 0.70919. 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: 63987
Time Issued: Wednesday, 27 February 2019 14:40:15 GMT
Status: open
Entry: 0.71324 - 0.71581
Limit: 0.70919
Stop Loss: 0.71702