FXCM
Short

Breakout Identified in EURJPY

FX:EURJPY   Euro / Japanese Yen
The Breakout Opportunities system has just sold EURJPY at 117.7. The system recommends entering this trade at any price between 117.446 and 117.854. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.409, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 118.318 and a profit target has been set at the 1 Day ATR level at 116.682. 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: 71996
Time Issued: Wednesday, 27 May 2020 05:02:16 GMT
Status: open
Entry: 117.446 - 117.854
Limit: 116.682
Stop Loss: 118.318

Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.

Past Performance is not an indicator of future results.


Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information

Comments

Here is my detailed bias on the pair
Reply
Thanks for nice analysis. Good Luck.
Reply
Most breakouts are false
Reply
may be re enter ?
Reply
unfortunately - SL
Reply
Nice chart!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out