empty
09.10.2024 01:00 PM
Trading idea for EUR/USD based on breakout strategy

Hi, dear traders! Let me share a trading idea for EUR/USD based on the breakout strategy.

Today, the instrument has approached a one-week low for the second time but failed to break through.

I suggest we place a pending sell-stop order at the level of 1.09517, following the setup shown in the screenshot below.

This image is no longer relevant

I propose to set a stop loss 300 pips up and a take profit 200 pips down.

This trading idea has been devised on the grounds of the Breakout trading strategy and the Stop Hunting strategy.

Good luck in your trading, and remember to manage your risks!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

How to Trade the GBP/USD Pair on March 17? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of GBP/USD The GBP/USD pair continued to trade with low volatility on Friday, remaining within the sideways channel of 1.2913 to 1.2980

Paolo Greco 22:26 2025-03-16 UTC+2

How to Trade the EUR/USD Pair on March 17? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of EUR/USD The EUR/USD currency pair experienced a brief surge on Friday; however, this rise was short-lived and not particularly strong. The increase

Paolo Greco 22:26 2025-03-16 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 14th (Review of Morning Trades)

In my morning forecast, I focused on the 1.2949 level and planned to base my trading decisions on it. Let's examine the 5-minute chart to see what happened. A rise

Miroslaw Bawulski 15:25 2025-03-14 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 14th (Review of Morning Trades)

In my morning forecast, I focused on the 1.0852 level and planned to base my trading decisions on it. Let's examine the 5-minute chart to see what happened. A rise

Miroslaw Bawulski 15:00 2025-03-14 UTC+2

How to Trade the GBP/USD Pair on March 14? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of GBP/USD On Thursday, the GBP/USD pair experienced a slight decline but remained within a very narrow range, resembling a sideways channel. The British

Paolo Greco 06:07 2025-03-14 UTC+2

How to Trade the EUR/USD Pair on March 14? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of EUR/USD On Thursday, the EUR/USD currency pair continued its moderate downward trend after experiencing a rise that lasted a week and a half

Paolo Greco 06:07 2025-03-14 UTC+2

Trading Recommendations and Analysis for GBP/USD on March 14: The Pound Sterling Isn't Even Trying

The GBP/USD currency pair experienced a slight pullback on Thursday but did not manage to consolidate below the critical line. The Kijun-sen line is situated very close to the current

Paolo Greco 02:38 2025-03-14 UTC+2

Trading Recommendations and Analysis for EUR/USD on March 14: The Euro Pretends to Correct

The EUR/USD currency pair experienced very weak volatility on Thursday, with only a slight correction. Over the past few weeks, the euro has gained 600 pips, and this entire upward

Paolo Greco 02:38 2025-03-14 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 13th (Review of Morning Trades)

In my morning forecast, I focused on the 1.2949 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 18:26 2025-03-13 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 13th (Review of Morning Trades)

In my morning forecast, I focused on the 1.0877 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 18:22 2025-03-13 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.