Breakout Identified in AUDUSD

19 oct 2018

The Breakout Opportunities system has just sold AUDUSD at 0.71045. The system recommends entering this trade at any price between 0.70916 and 0.71158. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 3.35576, suggesting that the AUDUSD may have further to fall. A stop loss has been set at the 24-hour high of 0.71497 and a profit target has been set at the 1 Day ATR level at 0.7053. 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: 59498
Time Issued: Thursday, 18 October 2018 17:27:15 GMT
Status: open
Entry: 0.70916 - 0.71158
Limit: 0.70530
Stop Loss: 0.71497


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