Possible trend shift in CHFJPY – going long

FX:CHFJPY   Swiss Franc / Japanese Yen
The Tidal Shift Strategy has just bought CHFJPY at 116.766. The system recommends entering this trade at any price between 116.597 and 116.935. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -6.572, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.135, so the stop loss has been set at 116.091. 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: 58947
Time Issued: Thursday, 20 September 2018 14:00:15 GMT
Status: open
Entry: 116.597 - 116.935
Limit: N/A
Stop Loss: 116.091

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