Breakout Identified in USDCHF SELL

4 Nov 2019

0.98417 - 0.9864 Add to Watch List
Signal ID: 69109
Time Issued: Friday, 01 November 2019 15:58:15 GMT
Status: open
Entry: 0.98417 - 0.9864
Limit: 0.98042
Stop Loss: 0.98934

The Breakout Opportunities system has just sold USDCHF at 0.98542. The system recommends entering this trade at any price between 0.98417 and 0.9864. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 1.56974, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour high of 0.98934 and a profit target has been set at the 1 Day ATR level at 0.98042. 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.