Possible trend shift in EURJPY – going short
SELL
122.694 - 122.972 Add to Watch List
Signal ID: 65674
Time Issued: Thursday, 23 May 2019 07:00:15 GMT
Status: open
Entry: 122.694 - 122.972
Limit: N/A
Stop Loss: 123.389
The Tidal Shift Strategy has just sold EURJPY at 122.833. The system recommends entering this trade at any price between 122.694 and 122.972. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 3.358, which suggests that the EURJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.111, so the stop loss has been set at 123.389. 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
122.694 - 122.972 Add to Watch List
Signal ID: 65674
Time Issued: Thursday, 23 May 2019 07:00:15 GMT
Status: open
Entry: 122.694 - 122.972
Limit: N/A
Stop Loss: 123.389
The Tidal Shift Strategy has just sold EURJPY at 122.833. The system recommends entering this trade at any price between 122.694 and 122.972. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 3.358, which suggests that the EURJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.111, so the stop loss has been set at 123.389. 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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