Possible trend shift in EURAUD – going long

FX:EURAUD   Euro / Australian Dollar
The Tidal Shift Strategy has just bought EURAUD at 1.59884. The system recommends entering this trade at any price between 1.59644 and 1.60124. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.47955, which suggests that the EURAUD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00192, so the stop loss has been set at 1.58924. 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: 61352
Time Issued: Thursday, 24 January 2019 04:00:17 GMT
Status: open
Entry: 1.59644 - 1.60124
Limit: N/A
Stop Loss: 1.58924

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.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out