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 June 26? Simple Tips and Trade Analysis for Beginners

Analysis of Wednesday's Trades 1H Chart of GBP/USD On Wednesday, the GBP/USD pair continued its upward movement, which had begun on Tuesday. As a reminder, Tuesday brought news

Paolo Greco 06:38 2025-06-26 UTC+2

How to Trade the EUR/USD Pair on June 26? Simple Tips and Trade Analysis for Beginners

Analysis of Wednesday's Trades 1H Chart of EUR/USD On Wednesday, the EUR/USD currency pair traded with low volatility for most of the day and showed no intention of moving

Paolo Greco 06:38 2025-06-26 UTC+2

Trading Recommendations and Analysis for GBP/USD on June 26: The Pound Calmly Awaits the Right Moment

The GBP/USD currency pair remained immobile for most of Thursday. Let's recall that the pair reached its three-year high this week, and even after this significant event, no correction began

Paolo Greco 03:39 2025-06-26 UTC+2

Trading Recommendations and Analysis for EUR/USD on June 26: Total Flat in an Empty Calendar

The EUR/USD currency pair showed absolutely no movement throughout Wednesday. Volatility was minimal. What's most interesting is that the flat occurred at the highest levels seen in three years

Paolo Greco 03:39 2025-06-26 UTC+2

GBP/USD: Trading Plan for the U.S. Session on June 25th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.3591 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and see what happened. The pair

Miroslaw Bawulski 18:25 2025-06-25 UTC+2

EUR/USD: Trading Plan for the U.S. Session on June 25th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.1584 level and planned to make trading decisions based on it. Let's take a look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 18:21 2025-06-25 UTC+2

How to Trade the GBP/USD Pair on June 25? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of GBP/USD On Tuesday, the GBP/USD pair continued its upward movement, even stronger than the EUR/USD pair. The reason behind the new rise

Paolo Greco 06:36 2025-06-25 UTC+2

How to Trade the EUR/USD Pair on June 25? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of EUR/USD The EUR/USD currency pair continued its upward movement on Tuesday overall. This time, the market witnessed an entire circus act performed

Paolo Greco 06:36 2025-06-25 UTC+2

Trading Recommendations and Analysis for GBP/USD on June 25: The Pound Did Not Follow the Euro's Lead

On Tuesday, the GBP/USD currency pair traded very differently from the EUR/USD pair, which is rare. The British pound rose not only on Monday evening but throughout the night

Paolo Greco 03:35 2025-06-25 UTC+2

Trading Recommendations and Analysis for EUR/USD on June 25: Technical Factors Unexpectedly Halted the Dollar's Decline

The EUR/USD currency pair traded relatively calmly throughout most of Tuesday, though there were still some "spikes." The first significant "spike" in recent days occurred Monday evening when the market

Paolo Greco 03:35 2025-06-25 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.