Breakout Identified in USDJPY
The Breakout Opportunities system has just sold USDJPY at 107.875. The system recommends entering this trade at any price between 107.724 and 108.148. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.176, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour high of 108.967 and a profit target has been set at the 1 Day ATR level at 107.27. 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: 61100
Time Issued: Thursday, 10 January 2019 01:21:15 GMT
Status: open
Entry: 107.724 - 108.148
Limit: 107.270
Stop Loss: 108.967
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% 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.
Signal ID: 61100
Time Issued: Thursday, 10 January 2019 01:21:15 GMT
Status: open
Entry: 107.724 - 108.148
Limit: 107.270
Stop Loss: 108.967
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% 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.
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