Possible trend shift in EURJPY – going longThe Tidal Shift Strategy has just bought EURJPY at 131.243. The system recommends entering this trade at any price between 130.983 and 131.502. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.51, which suggests that the EURJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.208, so the stop loss has been set at 130.205. 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.
Signal ID: 58889
Time Issued: Tuesday, 18 September 2018 12:00:17 GMT
Status: open
Entry: 130.983 - 131.502
Limit: N/A
Stop Loss: 130.205
Forex-aud
Possible trend shift in EURAUD – going shortThe Tidal Shift Strategy has just sold EURAUD at 1.62477. The system recommends entering this trade at any price between 1.62274 and 1.6268. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -4.45356, which suggests that the EURAUD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00162, so the stop loss has been set at 1.63289. 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.
Signal ID: 58848
Time Issued: Monday, 17 September 2018 08:00:15 GMT
Status: open
Entry: 1.62274 - 1.6268
Limit: N/A
Stop Loss: 1.63289
Possible trend shift in USDCAD – going shortFXCM PLUS Trading Signals
The Tidal Shift Strategy has just sold USDCAD at 1.30654. The system recommends entering this trade at any price between 1.30484 and 1.30824. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.1172, which suggests that the USDCAD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00136, so the stop loss has been set at 1.31334. 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.
Signal ID: 58759
Time Issued: Tuesday, 11 September 2018 21:00:15 GMT
Status: open
Entry: 1.30484 - 1.30824
Limit: N/A
Stop Loss: 1.31334
Greenback strengthensAt the moment, the US dollar continues its rally and strengthens against the basket of major currencies. The dollar index moved away from the weekly low and rushed up.
Despite the increase in oil prices, the Australian dollar is losing ground against the reserve currency.
At the moment we expect that the pair will be directed down and overcome the 0.7360 mark by updating the 2-year lows.
USDCHF has broken out of major support triggering a bearish dropUSDCHF has finally broken our support-turned-resistance at 0.9831 triggering a strong bearish drop from here. We are aided by strong bearish momentum from our bearish channel and our bearish Ichimoku cloud.
We are waiting for some strength to push prices back up to resistance at 0.9831 (Fibonacci retracement, horizontal pullback resistance, breakout level).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Australian Buying Spree and Weaker Yen #aud #forex Today we saw a break of the minor trendlines, looking to test resistance at 84.50. With a candle this strong it will most likely break that support to continue higher. Australian dollar has risen today against all majors. This may have been due to the US-China Trade Wars and is encouraging South East Asia demand for those dollars (risk on currency AUD), instead of the Japanese Yen (Safe Haven)
AUD/CAD SELL SELL SELL !!!Reasons for this setup
we have been making lower lows (indication of down trend)
bounce of Fib level 50%
bounce of bearish trend line
there are numerous long wicks on the daily to the upside which could indicate more sellers in market and buying pressure drying up and every wick unable to make a new high (Daily chart)
5 wave move is evident as we have one last leg to take out it is playing out as a continuation pattern
we also have a nice bearish push of key psychological level at 1.0000 putting in strong bearish candles
Also with the incoming strength of oil CAD looks ready to gain some strength
COT report indicates Oil is gearing up for some buying pressure so therefore effecting CAD in a bullish push
This setup is an aggressive setup as we are in a descending triangle and entering before any breakout is risky but I am telegraphing the move early which is risky but I fancy my chances on this setup
Also id like to add this is a longer term trade
My entry 0.9937
Risk nothing more then 2% per trade
my risk on this trade is 1%
Best of luck to everyone trading
AUD - The weakness has arrived. With the employment change s.a in Australia being a really low value of 14k - A 1k difference from the actual forecast of 15k and previously being at 42k last month we can see the news was really negative, the results released show us significant downfall in new jobs, that will lead the AUD to be viewed as a weak currency at this current period due to the negative fundamentals, so we're more likely to see higher investments in currencies such as the EUR, or the CAD as both had positive monetary policies.
The technical side we can see the market has started its downtrend breaking out of the previous bullish range and starting a new bearish range, this proves to us that there are more bears in this market then bulls, so all that we should be looking for in this currency pair are SELLS, now the market has formed a swing, but if we want to sell the market we wish to sell it at the highest point within the market, since all successful traders are the individuals who are the first ones in the market and the first ones out of the market - We'll be looking for a re-test at the previous resistance area, setting sell limit pending orders, this is looking like a high probability trade that will re-test that previous resistance before it starts melting again.
AUDUSD pot. swing trade entryHi Freedom Traders,
in the 60min chart of the AUSUSD a potential completion of a bearish cypher pattern would offer us a high probability entry chance for a swing trade.
You find possible entry and exit levels for controlling risk and taking profits in the chart.
Happy Trading!