The Breakout Opportunities system has just sold AUDJPY at 75.814. The system recommends entering this trade at any price between 75.69 and 75.888. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 5.178, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 76.109 and a profit target has been set at the 1 Day ATR level at 75.32. 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: 66955 Time Issued: Wednesday, 17 July 2019 02:32:16 GMT Status: open Entry: 75.69 - 75.888 Limit: 75.320 Stop Loss: 76.109
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Hello, I am seeing a very similar trade although a little smaller on both SL and TP. Note also the PA break on the rising trendline, and also the RSI has broken its trendline. I am waiting to make sure the RSI does not reflect from 50. My entry point is approximate pending the other considerations I just mentioned.
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