Breakout Identified in EURJPY SELL

6 Nov 2019

120.518 - 120.839 Add to Watch List
Signal ID: 69186
Time Issued: Wednesday, 06 November 2019 01:05:16 GMT
Status: open
Entry: 120.518 - 120.839
Limit: 119.992
Stop Loss: 121.196

The Breakout Opportunities system has just sold EURJPY at 120.693. The system recommends entering this trade at any price between 120.518 and 120.839. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.269, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 121.276 and a profit target has been set at the 1 Day ATR level at 119.992. 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.