Possible trend shift in CHFJPY – going long BUY

23. Juli 2019

109.885 - 110.125 Add to Watch List
Signal ID: 67051
Time Issued: Monday, 22 July 2019 13:00:16 GMT
Status: open
Entry: 109.885 - 110.125
Limit: N/A
Stop Loss: 109.526

The Tidal Shift Strategy has just bought CHFJPY at 110.005. The system recommends entering this trade at any price between 109.885 and 110.125. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.081, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.096, so the stop loss has been set at 109.526. 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.