FXCM-EDU
Short

Breakout Identified in USDCHF

FX:USDCHF   U.S. Dollar / Swiss Franc
The Breakout Opportunities system has just sold USDCHF at 0.98401. The system recommends entering this trade at any price between 0.98273 and 0.98619. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 2.38689, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour high of 0.99272 and a profit target has been set at the 1 Day ATR level at 0.97888. 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: 60879
Time Issued: Friday, 28 December 2018 08:07:15 GMT
Status: open
Entry: 0.98273 - 0.98619
Limit: 0.97888
Stop Loss: 0.99233

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% 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.
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