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May 29, 2019 4:18 AM

Breakout Identified in EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

The Breakout Opportunities system has just sold EURUSD at 1.11594. The system recommends entering this trade at any price between 1.11484 and 1.11686. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.23302, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour high of 1.11961 and a profit target has been set at the 1 Day ATR level at 1.11155. 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: 65791
Time Issued: Tuesday, 28 May 2019 20:47:16 GMT
Status: open
Entry: 1.11484 - 1.11686
Limit: 1.11155
Stop Loss: 1.11961

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
Mello42
Updated idea on EURUSD take a look!
TradingSafely
Great Find! I am currently short on EURUSD also. Entry 1.11860 currently I am up 47 pips. I am targeting a double bottom at 1.11076. Good Luck to you!
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