Signal ID: 64540 Time Issued: Monday, 25 March 2019 15:30:15 GMT Status: open Entry: 1.13153 - 1.13427 Limit: 1.13857 Stop Loss: 1.13029
The Breakout Opportunities system has just bought EURUSD at 1.13284. The system recommends entering this trade at any price between 1.13153 and 1.13427. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.2396, suggesting that the EURUSD may have further to rise. A stop loss has been set at the 24-hour low of 1.12759 and a profit target has been set at the 1 Day ATR level at 1.13857. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
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this was a good buy setup pull a trend line from swing high to swing low wait for the break out for the upside i use fractal trends so i saw the rejection early. in a correction buy setups like this one that you have here can fail because corrections can evolve and grow if this was in a impulsive wave it would work.