Breakout Identified in EURUSD

1.11367 - 1.11556 Add to Watch List
Signal ID: 65669
Time Issued: Thursday, 23 May 2019 01:40:15 GMT
Status: open
Entry: 1.11367 - 1.11556
Limit: 1.11031
Stop Loss: 1.11788

The Breakout Opportunities system has just sold EURUSD at 1.11479. The system recommends entering this trade at any price between 1.11367 and 1.11556. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.34748, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour high of 1.11788 and a profit target has been set at the 1 Day ATR level at 1.11031. 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.