Breakout Identified in EURJPY SELL

120.123 - 120.452 Add to Watch List
Signal ID: 67091
Time Issued: Wednesday, 24 July 2019 07:31:15 GMT
Status: open
Entry: 120.123 - 120.452
Limit: 119.703
Stop Loss: 120.551

The Breakout Opportunities system has just sold EURJPY at 120.263. The system recommends entering this trade at any price between 120.123 and 120.452. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 5.345, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 121.021 and a profit target has been set at the 1 Day ATR level at 119.703. 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.