Possible trend shift in EURJPY – going long
The Tidal Shift Strategy has just bought EURJPY at 124.595. The system recommends entering this trade at any price between 124.454 and 124.736. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.337, which suggests that the EURJPY could be trending upwards.The 14-period on a is 0.112, so the stop loss has been set at 124.033. 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: 74155
Time Issued: Monday, 30 November 2020 00:00:15 GMT
Entry: 124.454 – 124.736
Stop Loss: 124.033
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