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Jul 16, 2019 3:57 AM

Breakout Identified in EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

The Breakout Opportunities system has just sold EURUSD at 1.12539. The system recommends entering this trade at any price between 1.12433 and 1.12611. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.22719, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour high of 1.12826 and a profit target has been set at the 1 Day ATR level at 1.12114. 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: 66915
Time Issued: Monday, 15 July 2019 17:46:15 GMT
Status: open
Entry: 1.12433 - 1.12611
Limit: 1.12114
Stop Loss: 1.12826


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.

Comments
SubieDude
Nailed it
edumas2
I am long with a small position since yesterday. This one will make a huge move within 24 hours. It's been a lil' too quiet today.
neofx11
I think it’s actually about to pop upward instead
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