Possible trend shift in AUDJPY – going long
The Tidal Shift Strategy has just bought AUDJPY at 83.509. The system recommends entering this trade at any price between 83.291 and 83.727. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.294, which suggests that the AUDJPY could be trending upwards.The 14-period on a is 0.174, so the stop loss has been set at 82.637. 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: 75202
Time Issued: Wednesday, 03 March 2021 00:00:15 GMT
Entry: 83.291 – 83.727
Stop Loss: 82.637
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