Breakout Identified in USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
The Breakout Opportunities system has just sold USDJPY at 108.149. The system recommends entering this trade at any price between 107.995 and 108.251. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.003, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour high of 108.558 and a profit target has been set at the 1 Day ATR level at 107.533. 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: 61141
Time Issued: Monday, 14 January 2019 03:06:15 GMT
Status: open
Entry: 107.995 - 108.251
Limit: 107.533
Stop Loss: 108.558

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
great analysis but my risk/reward ratio is what makes me enter a trade.
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