Breakout Identified in USDJPY
The Breakout Opportunities system has just sold USDJPY at 110.164. The system recommends entering this trade at any price between 110.055 and 110.322. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.939, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour high of 110.796 and a profit target has been set at the 1 Day ATR level at 109.728. 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: 65375
Time Issued: Wednesday, 08 May 2019 00:13:15 GMT
Status: open
Entry: 110.055 - 110.322
Limit: 109.728
Stop Loss: 110.661
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.
Signal ID: 65375
Time Issued: Wednesday, 08 May 2019 00:13:15 GMT
Status: open
Entry: 110.055 - 110.322
Limit: 109.728
Stop Loss: 110.661
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.
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