Breakout Identified in EURJPY

Signal ID: 67600
Time Issued: Tuesday, 20 August 2019 06:17:15 GMT
Status: open
Entry: 117.819 - 118.097
Limit: 117.337
Stop Loss: 118.447

The Breakout Opportunities system has just sold EURJPY at 117.98. The system recommends entering this trade at any price between 117.819 and 118.097. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 5.957, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 118.447 and a profit target has been set at the 1 Day ATR level at 117.337. 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.