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FXCM
Nov 27, 2018 8:05 AM

Breakout Identified in GBPJPY Short

British Pound/Japanese YenFXCM

Description

The Breakout Opportunities system has just sold GBPJPY at 145.053. The system recommends entering this trade at any price between 144.762 and 145.218. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.974, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 145.713 and a profit target has been set at the 1 Day ATR level at 143.888. 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: 60233
Time Issued: Tuesday, 27 November 2018 06:49:15 GMT
Status: open
Entry: 144.762 - 145.218
Limit: 143.888
Stop Loss: 145.713

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Comments
JansIdeas
i would say it will grow now, respecting trend line, jumped of the supp.
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