Breakout Identified in USDCHF

Breakout Identified in USDCHF for FX:USDCHF by FXCM

Breakout Identified in USDCHF



Signal ID: 73081
Time Issued: Thursday, 27 August 2020 07:48:16 GMT
Status: open
Entry: 0.90566 – 0.90822
Limit: 0.90158
Stop Loss: 0.91181

The Breakout Opportunities system has just sold USDCHF at 0.90702. The system recommends entering this trade at any price between 0.90566 and 0.90822. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 7.28169, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour high of 0.91181 and a profit target has been set at the 1 Day ATR level at 0.90158. 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.

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