The Trend Follower Strategy has just bought EURCHF
at 1.13739. The system recommends entering this trade at any price between 1.13639 and 1.13838. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.53813. This suggests that the EURCHF
could be trending upwards.The 14-period Average True Range
on a daily chart
is 0.00398, so the stop loss has been set at 1.13341. 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: 60004
Time Issued: Wednesday, 14 November 2018 22:00:15 GMT
Entry: 1.13639 - 1.13838
Stop Loss: 1.13341
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.