Breakout Identified in EURJPY

21 февр. 2020 г.

Signal ID: 70686
Time Issued: Friday, 21 February 2020 08:09:15 GMT
Status: open
Entry: 120.3 - 120.672
Limit: 119.879
Stop Loss: 121.370

The Breakout Opportunities system has just sold EURJPY at 120.44. The system recommends entering this trade at any price between 120.3 and 120.672. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.374, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 121.37 and a profit target has been set at the 1 Day ATR level at 119.879. 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.