FXCM-EDU
Short

Breakout Identified in EURUSD

FX:EURUSD   Euro / U.S. Dollar
The Breakout Opportunities system has just sold EURUSD at 1.10319. The system recommends entering this trade at any price between 1.10202 and 1.10404. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.28433, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour high of 1.10661 and a profit target has been set at the 1 Day ATR level at 1.09853. 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: 68065
Time Issued: Tuesday, 10 September 2019 14:20:15 GMT
Status: open
Entry: 1.10202 - 1.10404
Limit: 1.09853
Stop Loss: 1.10538

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Past Performance is not an indicator of future results.
Nice

This technical analysis is in synch with a potential harmonic gartley pattern currently developing.
Bearish divergences is a good sign for a bullish gartley increasing the chances of a PRZ

Reply
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