Extreme trader sentiment points to possible CHFJPY uptrend

The Trend Follower Strategy has just bought CHFJPY at 113.075. The system recommends entering this trade at any price between 112.952 and 113.198. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.527. This suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.491, so the stop loss has been set at 112.584. 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.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.

Signal ID: 60434
Time Issued: Wednesday, 05 December 2018 07:00:16 GMT
Status: open
Entry: 112.952 - 113.198
Limit: N/A
Stop Loss: 112.584

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