Possible trend shift in EURJPY – going short

2019년 7월 11일

Signal ID: 66861
Time Issued: Thursday, 11 July 2019 06:00:15 GMT
Status: open
Entry: 121.599 - 121.831
Limit: N/A
Stop Loss: 122.179

The Tidal Shift Strategy has just sold EURJPY at 121.715. The system recommends entering this trade at any price between 121.599 and 121.831. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 3.637, which suggests that the EURJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.093, so the stop loss has been set at 122.179. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.