Possible trend shift in EURAUD – going short

FX:EURAUD   Euro / Australian Dollar
The Tidal Shift Strategy has just sold EURAUD at 1.64771. The system recommends entering this trade at any price between 1.64269 and 1.65273. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -3.51107, which suggests that the EURAUD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00402, so the stop loss has been set at 1.66779. 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.

Signal ID: 60980
Time Issued: Wednesday, 02 January 2019 23:00:15 GMT
Status: open
Entry: 1.64269 - 1.65273
Limit: N/A
Stop Loss: 1.66779

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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