Breakout Identified in EURJPY

The Breakout Opportunities system has just sold EURJPY at 127.42. The system recommends entering this trade at any price between 127.203 and 127.662. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.273, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 128.388 and a profit target has been set at the 1 Day ATR level at 126.552. 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: 59672
Time Issued: Friday, 26 October 2018 05:22:15 GMT
Status: open
Entry: 127.203 - 127.662
Limit: 126.552
Stop Loss: 128.388

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