Breakout Identified in AUDJPY

The Breakout Opportunities system has just sold AUDJPY at 74.52. The system recommends entering this trade at any price between 74.39 and 74.6. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 10.996, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 74.841 and a profit target has been set at the 1 Day ATR level at 74. 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: 66314
Time Issued: Tuesday, 25 June 2019 02:55:15 GMT
Status: open
Entry: 74.39 - 74.6
Limit: 74.000
Stop Loss: 74.841
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.