Possible trend shift in USDJPY – going short

FX:USDJPY   U.S. Dollar / Japanese Yen
Signal ID: 65270
Time Issued: Thursday, 02 May 2019 04:00:15 GMT
Status: open
Entry: 111.405 - 111.669
Limit: N/A
Stop Loss: 112.065

The Tidal Shift Strategy has just sold USDJPY at 111.537. The system recommends entering this trade at any price between 111.405 and 111.669. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.23, which suggests that the USDJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.106, so the stop loss has been set at 112.065. 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.
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We have something similar. It is this 1D Higher Low trend line (red) which we should be concerned about. Other than that, it is a strong sell to 110.325:

PATOJAPE InvestingScope
Excellent, I also have a similar bearish idea
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