Possible trend shift in AUDJPY – going short
73.078 – 73.488 Add to Watch List
Signal ID: 73864
Time Issued: Monday, 02 November 2020 00:00:16 GMT
Entry: 73.078 – 73.488
Stop Loss: 74.103
The Tidal Shift Strategy has just sold AUDJPY at 73.283. The system recommends entering this trade at any price between 73.078 and 73.488. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 4.532, which suggests that the AUDJPY could be trending downwards.The 14-period on a is 0.164, so the stop loss has been set at 74.103. 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.