FX.co ★ 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.

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!