Time Issued: Friday, 17 May 2019 05:25:15 GMT
Entry: 122.406 - 122.656
Stop Loss: 122.946
The Breakout Opportunities system has just sold EURJPY at 122.56. The system recommends entering this trade at any price between 122.406 and 122.656. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 3.065, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 122.946 and a profit target has been set at the 1 Day ATR level at 121.943. 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.