FXCM-EDU
Short

Possible trend shift in EURUSD – going short

FX:EURUSD   Euro / U.S. Dollar
SELL
1.11471 - 1.11669 Add to Watch List
Signal ID: 65629
Time Issued: Tuesday, 21 May 2019 19:00:15 GMT
Status: open
Entry: 1.11471 - 1.11669
Limit: N/A
Stop Loss: 1.11965

The Tidal Shift Strategy has just sold EURUSD at 1.1157. The system recommends entering this trade at any price between 1.11471 and 1.11669. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.37294, which suggests that the EURUSD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00079, so the stop loss has been set at 1.11965. 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% 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.
nice idea!
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Thanks for your post! I have been short on EURUSD since May14th. Currently up 70 Pips. We are up 371 pips on EURUSD so far this month! Good luck to you!
Here is my chart
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