Breakout Identified in EURUSD

The Breakout Opportunities system has just bought EURUSD at 1.17824. The system recommends entering this trade at any price between 1.17539 and 1.18001. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -2.1791, suggesting that the EURUSD may have further to rise. A stop loss has been set at the 24-hour low of 1.16683 and a profit target has been set at the 1 Day ATR level at 1.18531. 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: 58958
Time Issued: Thursday, 20 September 2018 19:31:15 GMT
Status: open
Entry: 1.17539 - 1.18001
Limit: 1.18531
Stop Loss: 1.16849