Breakout Identified in EURUSD BUY
1.11716 - 1.12234
Signal ID: 71118
Time Issued: Monday, 16 March 2020 08:36:15 GMT
Status: open
Entry: 1.11716 - 1.12234
Limit: 1.12625
Stop Loss: 1.10552
The Breakout Opportunities system has just bought EURUSD at 1.12104. The system recommends entering this trade at any price between 1.11716 and 1.12234. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.34631, suggesting that the EURUSD may have further to rise. A stop loss has been set at the 24-hour low of 1.10552 and a profit target has been set at the 1 Day ATR level at 1.12625. 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.