Breakout Identified in AUDUSD

18 Mac 2020

0.592 - 0.59689
Signal ID: 71163
Time Issued: Wednesday, 18 March 2020 08:53:15 GMT
Status: open
Entry: 0.592 - 0.59689
Limit: N/A
Stop Loss: N/A

The Breakout Opportunities system has just sold AUDUSD at 0.59328. The system recommends entering this trade at any price between 0.592 and 0.59689. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 3.42877, suggesting that the AUDUSD may have further to fall. A stop loss has been set at the 24-hour high of 0.60772 and a profit target has been set at the 1 Day ATR level at 0.58817. 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.