FXCM

Possible trend shift in EURUSD – going long

Long
FX:EURUSD   Euro / U.S. Dollar
The Tidal Shift Strategy has just bought EURUSD at 1.12918. The system recommends entering this trade at any price between 1.12803 and 1.13033. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.01319, which suggests that the EURUSD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00092, so the stop loss has been set at 1.12458. 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: 72400
Time Issued: Monday, 06 July 2020 06:00:15 GMT
Status: open
Entry: 1.12803 - 1.13033
Limit: N/A
Stop Loss: 1.12458
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Comments

Hi, I have several looked and trade to see what the system offers. I must say, maybe its my feeling but I you do you handling analyses it works most of the time within a few days.
The autotrader is for me not a reason to follow. That is of course my own responsability, to follow or not to follow :-). You publish this with the sentence; "We expect to be closed by the stop loss". I think people who doesnt read properly will not see this. Okay, their own responsability. Can I beter for detailed question send you a PM? Or do you prefer it on the open web?
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Nice analysis. I missed it :)
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