Extreme trader sentiment points to possible CHFJPY uptrend
Signal ID: 69377
Time Issued: Monday, 18 November 2019 02:00:15 GMT
Status: open
Entry: 109.841 - 110.061
Limit: N/A
Stop Loss: 109.512
The Trend Follower Strategy has just bought CHFJPY at 109.951. The system recommends entering this trade at any price between 109.841 and 110.061. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.553. This suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.439, so the stop loss has been set at 109.512. 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.
Time Issued: Monday, 18 November 2019 02:00:15 GMT
Status: open
Entry: 109.841 - 110.061
Limit: N/A
Stop Loss: 109.512
The Trend Follower Strategy has just bought CHFJPY at 109.951. The system recommends entering this trade at any price between 109.841 and 110.061. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.553. This suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.439, so the stop loss has been set at 109.512. 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.
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