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FXCM
Dec 10, 2018 7:52 AM

Breakout Identified in EURUSD Long

Euro Fx/U.S. DollarFXCM

Description

The Breakout Opportunities system has just bought EURUSD at 1.14355. The system recommends entering this trade at any price between 1.14165 and 1.14526. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.23129, suggesting that the EURUSD may have further to rise. A stop loss has been set at the 24-hour low of 1.13595 and a profit target has been set at the 1 Day ATR level at 1.15037. 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.

Signal ID: 60499
Time Issued: Monday, 10 December 2018 01:46:15 GMT
Status: open
Entry: 1.14165 - 1.14526
Limit: 1.15037
Stop Loss: 1.13628

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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Comments
cruelman84
Is your stop loss recommendations even realistic? It's a $500-600 loss per lot if it goes the wrong way...
LegitTrading
@cruelman84, It has kind of a 50/50 Win ratio that seems to risky and not profitably
Rietveld
The Breakout Opportunities system... failed.
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