FXCM

Breakout Identified in GBPJPY

Long
FX:GBPJPY   British Pound / Japanese Yen
The Breakout Opportunities system has just bought GBPJPY at 153.688. The system recommends entering this trade at any price between 153.094 and 153.908. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.223, suggesting that the GBPJPY may have further to rise. A stop-loss has been set at the 24-hour low of 151.314 and a profit target has been set at the 1 Day ATR level at 154.566. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies breakthrough technical support or resistance.

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Comments

good signal, nice provit 🤑🤑🤑
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I think there is something wrong with that stop loss.. just an novice opinion.
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High-risk entry, as the fundamentals, do not agree with the analysis. There is a 50% chance for the Price to rise up to 154.23. If not expect the fall from the 153.70 area. (IMO)
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