The Breakout Opportunities system has just sold USDJPY at 107.875. The system recommends entering this trade at any price between 107.724 and 108.148. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.176, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour high of 108.967 and a profit target has been set at the 1 Day ATR level at 107.27. 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: 61100 Time Issued: Thursday, 10 January 2019 01:21:15 GMT Status: open Entry: 107.724 - 108.148 Limit: 107.270 Stop Loss: 108.967
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We had a flash crash on 3 Jan 2019.
This is how the market demands respect from the amateurs who took the market lightly.
Now it is at a strong sideway region 108.2 to 109.8. It is going to be fun.
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Our Analysis
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SHORT (entry is valid as long as the price is below 112.4. I will love to short around 110 region)
SL 113.6
TP1 108.39
TP2 107.7
TP3 105.1