Breakout Identified in USDCHF

The Breakout Opportunities system has just bought USDCHF at 0.99209. The system recommends entering this trade at any price between 0.99048 and 0.99332. The signal was issued because the USDCHF has broken its 24-hour high while our Speculative Sentiment Index was at -1.24394, suggesting that the USDCHF may have further to rise. A stop loss has been set at the 24-hour low of 0.98565 and a profit target has been set at the 1 Day ATR level at 0.997. 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: 59353
Time Issued: Thursday, 11 October 2018 16:01:15 GMT
Status: open
Entry: 0.99048 - 0.99332
Limit: 0.99700
Stop Loss: 0.98567

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