Possible trend shift in EURJPY – going long BUY

15 sty 2020

122.151 - 122.431 Add to Watch List
Signal ID: 70255
Time Issued: Tuesday, 14 January 2020 15:00:16 GMT
Status: open
Entry: 122.151 - 122.431
Limit: N/A
Stop Loss: 121.732

The Tidal Shift Strategy has just bought EURJPY at 122.291. The system recommends entering this trade at any price between 122.151 and 122.431. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.198, which suggests that the EURJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.112, so the stop loss has been set at 121.732. This stop loss order is a trailing stop that will move up as the market moves up. 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.